Stock futures are flat ahead of Fed's Jackson Hole symposium
The three major U.S. indexes closed Thursday's regular trading session lower. The Dow snapped a four-day win streak while the S&P 500 and the Nasdaq Composite both broke five-day win streaks.Market participants monitored new developments in Afghanistan, which appeared to weigh on investor sentiment. The Pentagon on Thursday confirmed thatnear Hamid Karzai International Airport in Afghanistan killed 12 U.S. service members and wounded 15.
"Markets don't like uncertainty and the uncertainty in Afghanistan is high and feels like it's rising," said Bob Doll, chief investment officer of Crossmark Global Investments.. The Fed's annual Jackson Hole symposium will be held virtually this year, with Chair Jerome Powell's speech taking center stage Friday morning. Market participants await insights into the central bank's plan to slow its monthly bond purchases.The three major stock averages are all set to close the week in the green. The Dow is up 0.3% week-to-date, while the S&P 500 is up 0.6% and the Nasdaq Composite is 1.6% higher.
The indexes are also on track to end the month higher. The Dow is up 0.8% in August. The S&P 500 is 1.7% higher and the Nasdaq Composite is up 1.9% this month.
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