News Column

Futures Pointing To Modest Pullback By Stocks In Early Trading

August 22, 2014

WASHINGTON (Alliance News) - After trending higher over the past several sessions, stocks may give back some ground in early trading on Friday. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 19 points.

Renewed geopolitical concerns may weigh on the markets early on amid news that Russia sent a humanitarian aid convoy into eastern Ukraine.

Ukraine has claimed that the move violates an agreement between the two countries and described the convoy as an invasion.

The latest developments have renewed worries about a military conflict between Ukraine and Russia that had been easing in recent weeks.

Nonetheless, early trading activity is likely to be relatively subdued as traders look ahead to Federal Reserve Chair Janet Yellen's speech at the Kansas City Fed's economic policy symposium in Jackson Hole, Wyoming.

Yellen, who is scheduled to speak at 10 am ET, is expected to deliver a dovish message in her remarks about the labor market.

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Source: Alliance News

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