Wall Street futures down ahead of Powell’s speech on monetary policy

FAN Editor
FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City
FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo

August 27, 2020

(Reuters) – U.S. stocks futures turned sharply higher on Thursday as the Federal Reserve Chair Jerome rolled out an aggressive new strategy to restore the United States to full employment and lift inflation back to healthier levels.

At 9:20 a.m. ET, Dow e-minis were up 92 points, or 0.32%. S&P 500 e-minis were up 7.5 points, or 0.22% and Nasdaq 100 e-minis were up 31.75 points, or 0.26%.

(Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)

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