Futures flat as investors
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[August 24, 2016]
By Yashaswini Swamynathan
(Reuters) - U.S. stock index futures
were flat on Wednesday as investors keep up their wait for Federal
Reserve Chair Janet Yellen's speech on Friday for clues on the
timing of a rate hike.
* Yellen's keynote speech will be the main focus of a meeting of
global central bankers in Jackson Hole, Wyoming. The meet, which
starts Thursday, has traditionally been used by Fed chiefs as a
platform to signal the direction of monetary policy.
* Recent hawkish comments from some Fed policymakers, including Vice
Chairman Stanley Fischer, have raised expectations that Yellen might
signal the possibility of a hike in September.
* Wall Street has been on a record-setting run due to continued
expectations for low rates, coupled with upbeat corporate earnings
and strong economic data.
* Wall Street closed higher on Tuesday, with the Nasdaq hitting a
record intraday high, supported by robust housing market data and
gains in technology stocks.
* A report on U.S. existing home sales by the National Association
of Realtors is likely to show resales fell 0.4 percent in July. The
data is due at 10:00 a.m. ET (1400 GMT).
* Shares of Express Inc <EXPR.N> plunged 19 percent in premarket
trading after the apparel maker slashed its full-year earnings
* Intuit <INTU.O> fell 4.9 percent after the tax-preparation
software maker gave a dismal profit and revenue forecast for the
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Traders work at desks on the floor of the New York Stock Exchange
(NYSE) in New York City, U.S., August 23, 2016. REUTERS/Brendan
Futures snapshot at 7:01 a.m. ET:
* Dow e-minis <1YMc1> were up 11 points, or 0.06 percent, with 18,208 contracts
* S&P 500 e-minis <ESc1> were up 2 points, or 0.09 percent, with 125,577
* Nasdaq 100 e-minis <NQc1> were up 4.25 points, or 0.09 percent, on volume of
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Savio D'Souza)
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