India, Aug. 22 -- After trending lower over the past several sessions, stocks may move back to the upside in early trading on Friday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.3 percent.
Traders may look to pick up stocks at somewhat reduced levels following the recent weakness, which has seen the S&P 500 close lower for five straight sessions.
However, early trading is likely to be impacted by reaction to Federal Reserve Chair Jerome Powell's highly-anticipated speech at the Jackson Hole Economic Symposium later this morning.
Powell's remarks could have a significant impact on the outlook for rates ahead of the Fed's next monetary policy meeting in September.
Chris...