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US stocks set to rally as all eyes directed to Fed chairman’s Jackson Hole speech

US stocks set to rally as all eyes directed to Fed chairman's Jackson Hole speech

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US stocks look set to rally at the start on Friday, recovering some of the previous session’s declines as investors await Federal Reserve chairman Jerome Powell’s keynote speech at the central bank’s Jackson Hole symposium. Futures for the blue-chip Dow Jones Industrial Average, the broaderS&P 500 index, and the tech-heavy Nasdaq-100 all ticked 0.3% higher, with the major indexes still close to recent all-time highs.

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