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Reuters
FOX Company: The Power to Prosper
Stock futures slipped into the red on Friday as traders awaited advice on the Federal Reserve's financial coverage, and refreshing financial info.
Modern Markets
As of 8:00 a.m. ET, Dow Jones Industrial Regular futures fell 17 factors to 11,114, S&P 500 futures slipped 1.eight factors to 1,156 and Nasdaq 100 futures dropped 2 factors to two,109.
It has been but another wild week for Wall Road. The Dow tacked on 503 points in the course of the initial a few days, then tumbled 171 details on Thursday.
All eyes have turned to Jackson Hole, Wyoming exactly where Federal Reserve Chairman Ben Bernanke is anticipated to make a speech later in the day at the central bank symposium there. Recent economic data have proven the world wide economic recovery has deteriorated substantially, and economists across the board have warned that the opportunity of dipping back again into recession has enhanced markedly.
At the final Jackson Hole summit, Bernanke unveiled the broad, and controversial, quantitative easing plan referred to as QE2. The objective of the plan was to ease fiscal problems by getting long-term Treasuries
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