Dow Futures Rise 220 Pts; JOLTS, Consumer Confidence Data in Focus By Investing.com – Investing.com

Investing.com — U.S. stocks are seen opening higher Tuesday, stabilizing after weakness in the wake of the affirmation of a hawkish Federal Reserve at the Jackson Hole symposium.

At 07:00 ET (11:00 GMT), the Dow Futures contract was up 220 points, or 0.7%, S&P 500 Futures traded 33 points, or 0.8% higher, and Nasdaq 100 Futures climbed 140 points, or 1.1%.

The main Wall Street indices closed lower Monday, continuing the weakness after Friday’s speech by Jerome Powell, in which the Fed chief made clear that the central bank aims to continue its rate hikes, even if they cause economic pain.

The Dow Jones Industrial Average dropped a little over 184 points, or 0.6%, while the S&P 500 fell 0.7%, and the Nasdaq Composite closed 1% lower.

The Fed has already raised its benchmark rate by 0.75 percentage points at each of its last two meetings, and investors will be looking for further clues over the likelihood that it does so again in September.

Friday sees the release of the…

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