The highly anticipated Jackson Hole symposium from the Fed will be held virtually on Friday.
"Fed chairs have a track record of foreshadowing major policy announcements at Jackson Hole, and some investors think Powell will provide further clues around the timing of a tapering announcement, which could come as soon as the FOMC meeting next month," Tapas Strickland, director of economics and markets at the National Australia Bank, wrote in a Friday morning note.
Strickland pointed out that an announcement on tapering is "highly likely" to come before the end of the year. In overnight trade, the three major U.S. indexes finished lower during Thursday's regular trading session. The Dow snapped a four-day win streak while the S&P 500 and the Nasdaq Composite both broke five-day win streaks.
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