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S+P 500 futures waiting on Powell

Yesterday the S+P 500 came to its closest point yet in reclaiming the record high it set earlier this summer, at 5,669. An update here yesterday afternoon noted all that and the fall back from a session high, at 5,643. The subsequent low was set at 5,560.95, but the index did manage to recover slightly off that session low into the close, where it ended the day at 5,570.64. The gains in the Nikkei 225 earlier today and a positive opening for stocks in Europe this morning have helped to lift the S+P futures, but so far any opening indication above 5,600 has proved elusive. What seems clear, is the index is waiting (like many other instruments) to see what the Fed boss, Jerome Powell has to say later today. He is due to address the Jackson Hole Symposium at 2pm GMT. It could be down to what Powell says later today, as to whether the index can rebound again, or reject a new record high again ahead of the weekend. The index is just now priced to reopen around 5,594
 

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