Stock Futures Fall As Wall Street Looks Ahead To Jackson Hole

Source: NYSE U.S. stock futures fell on Sunday night after last week’s summer rally stalled as fears of aggressive rate hikes returned to Wall Street. Dow Jones Industrial Average futures fell 93 points, or 0.28%. S&P 500 and Nasdaq 100 futures fell 0.35% and 0.53%, respectively. On Friday, the S&P 500 closed down 1.29%. The Dow Jones Industrial Average fell 292 points, or 0.86%, and the Nasdaq Composite fell 2.01%. These moves come ahead of what could be a volatile week of trading on Wall Street. Investors await Fed Chairman Jerome Powell’s latest comments on inflation at the Jackson Hole central bank’s annual economic symposium. “We’ve written a few times recently about wait-and-see trading before key events/releases… and how that can set the stage for more volatility around the events themselves, and we might see a bit of that play out down the road week as investors await the conference call,” Susquehanna’s Christopher Jacobson wrote in a Friday note. On the earnings front, traders expect Palo Alto Networks and Zoom Video to report results on Monday after the bell.