"Stock Market Live Updates: Earnings to Watch, Salesforce and Dollar General in Focus"

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Source: CNBC
"Stock Market Live Updates: Earnings to Watch, Salesforce and Dollar General in Focus"
Photo: CNBC
TL;DR Summary

Stock futures inched higher to begin the final trading week of August, with futures tied to the Dow Jones Industrial Average rising 0.2% and S&P 500 futures and Nasdaq-100 futures adding 0.2% and 0.3% respectively. The market reacted positively to remarks from Federal Reserve Chair Jerome Powell, who highlighted signs of economic growth and strong consumer spending but emphasized the need to proceed cautiously with further interest rate hikes. Traders are currently pricing in a 20% chance of a rate hike at the Fed's upcoming September meeting. The major indices are on track to finish the month with losses, with the Dow and S&P down 3.4% and 4% respectively, and the Nasdaq down 5.3%.

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