US STOCKS-Futures flat as investors await Fed

miércoles 24 de agosto de 2016 07:33 GYT

* Futures up: Dow 11 pts, S&P 2 pts, Nasdaq 4.25 pts

By Yashaswini Swamynathan

Aug 24 (Reuters) - U.S. stock index futures were flat on Wednesday as investors keep up their wait for Federal Reserve Chair Janet Yellen's speech on Friday for clues on the timing of a rate hike.

* Yellen's keynote speech will be the main focus of a meeting of global central bankers in Jackson Hole, Wyoming. The meet, which starts Thursday, has traditionally been used by Fed chiefs as a platform to signal the direction of monetary policy.

* Recent hawkish comments from some Fed policymakers, including Vice Chairman Stanley Fischer, have raised expectations that Yellen might signal the possibility of a hike in September.

* Wall Street has been on a record-setting run due to continued expectations for low rates, coupled with upbeat corporate earnings and strong economic data.

* Wall Street closed higher on Tuesday, with the Nasdaq hitting a record intraday high, supported by robust housing market data and gains in technology stocks.

* A report on U.S. existing home sales by the National Association of Realtors is likely to show resales fell 0.4 percent in July. The data is due at 10:00 a.m. ET (1400 GMT).

* Shares of Express Inc plunged 19 percent in premarket trading after the apparel maker slashed its full-year earnings outlook.   Continuación...