US pre-open: Futures muted ahead of Warsh's Jackson Hole address

28th Aug 2026 11:10

(Sharecast News) - Wall Street futures were pointing to a mixed open ahead of the bell on Friday as traders digested another round of earnings and looked ahead to Federal Reserve chair Kevin Warsh's appearance at Jackson Hole.

As of 1230 BST, Dow Jones futures were up 0.03%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.07% and 0.31% lower, respectively.

The Dow closed 105.56 points higher on Thursday, reclaiming most of the prior session's losses, as Nvidia shares climbed after the chipmaker beat analyst expectations and guided for strong revenue growth ahead, with Q2 revenues more than doubling year‑on‑year, topping forecasts by the widest margin in two years.

After the close, Marvell Technology posted another strong quarter, with second‑quarter revenues jumping 37% year‑on‑year to $2.7bn, slightly ahead of analyst expectations as demand for its data‑centre chips continued to accelerate. Adjusted earnings rose 40% to $0.94 per share, topping the $0.92 consensus, while net income came in at $865.9m, also ahead of forecasts. Marvell's data‑centre division remained the standout performer, with revenue up 46% to $2.2bn, underscoring ongoing strength in AI‑related infrastructure spending.

As for Friday, futures were a touch softer early on as investors braced for any hints on the future of US monetary policy in Federal Reserve chairman Kevin Warsh's speech at Jackson Hole, schedueld for 1500 BST. Markets currently assign around a 64% chance that the central bank keeps rates unchanged next month, according to CME's FedWatch tool, leaving traders highly sensitive to any shift in tone from Warsh.

Elsewhere on the macro front, the Chicago Fed's August purchasing managers index will be released at 1445 BST, while the University of Michigan's August consumer sentiment index will follow at 1500 BST.

No major corporate earnings were slated for release on Friday.

Reporting by Iain Gilbert at Sharecast.com