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Stock market today: S&P 500 futures stall in cautious wait for jobs revision, Fed minutes

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Federal Reserve Nyheter

US Stock Futures,Labor Market,Winning Streak

Investors marking time before Jackson Hole will get Fed minutes and jobs data revisions that could shift the needle on rate cut bets.

US stock futures stalled on Wednesday after markets' roaring comeback hit the buffers, as investors waited for Federal Reserve minutes and jobs data revisions likely to shape bets for interest-rate cuts.Stocks' recovery from an early August sell-off is faltering as focus intensifies on the labor market as a factor in the Fed's policy making, givenon Friday. Expectations for a September rate cut are running high, and his comments will be closely watched for signs a 0.

The minutes from the Fed's July meeting due later will also be scrutinized for insight into the likelihood and magnitude of a lowering in borrowing costs next month.), raising about $3.6 billion in the sale. The Chinese e-commerce giant's shares tumbled in Hong Kong, spurring a slump in Chinese techs, while its US-listed stock sank 7% in premarket trading.Target’s comparable sales rose for the first time in a year as grocery aisle deals for cash-strapped customers began to pay off.

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