Five things you need to know before the market opens on Friday August 25:
1. -- Stocks nudge higher, dollar leaps, as markets key on Powell's Jackson Hole speech
Stocks are trading cautiously higher Friday, but big moves in the dollar, as well as Treasury bond yields, suggest markets may be expecting a hawkish tone from Fed Chairman Jerome Powell's Jackson Hole address.
2. -- Powell speech in focus as markets hint to hawkish tilt from Jackson Hole
Fed Chairman Jerome Powell could surprise markets Friday by suggesting the need for further rate hikes, but is likely to indicate that rates will remain 'higher for longer' amid the central bank's inflation fight.
3. -- Disney shares languish near decade low as investors challenge Iger turnaround
Disney shares have fallen more than 15.5% since CEO Bog Iger returned to the media and entertainment giant in late November, and closed at the lowest levels in nearly 9 years last night.
4. -- Nordstrom slides as 'historic' theft levels, weakened consumers cloud Q2 earnings
Nordstrom CEO Erik Nordstrom said "losses from theft are at historical highs" and dragging down earnings for the upscale retailer.
5. -- Marvell stock slides as muted AI outlook offsets solid Q2 earnings
Chipmaker Marvell said AI demand would accelerate revenue growth, but a muted near-term outlook has shares trading lower into the start of the session despite solid second quarter earnings.
