Alert I Futures Indicator Update: Stock futures rise ahead of Jackson Hole summit
Fred Imbert, Sam Meredith 2-3 minutes - Source: CNBC U.S. stock index futures rose on Thursday as investors looked ahead to the start of a central banking summit in Jackson Hole, Wyoming. Around 8:10 a.m. ET, Dow Jones Industrial Average futures traded 41 points higher, indicating a gain of 72 points at the open. S&P 500 and Nasdaq 100 futures also pointed to slight gains. The summit kicks off on Thursday. Philadelphia Fed President Patrick Harker and Dallas Fed President Robert Kaplan are both set to comment on the world’s largest economy later in the day. Kansas City Fed President Esther George told CNBC’s Steve Liesman that the Fed should not have cut interest rates last month, stating that “ it wasn’t required in my view . ” Treasury yields ticked up after her comments aired. The Fed cut interest rates by 25 basis points in July. Market expectations for another rate cut in September are at 93.5%, according to the CME G