Wall Street was heading higher in Friday’s premarket, with traders keen to break a weeklong losing streak ahead of a highly anticipated speech by Federal Reserve Chair Jerome Powell, the Associated Press reports.
Futures for the S&P 500 ticked up less than 0.1%, while futures for the Dow Jones Industrial Average and Nasdaq composite each rose 0.1%.
The S&P 500 had closed lower for five straight days heading into Friday, its longest such streak since January.
Nvidia lost 1.2% before the bell after the company’s CEO said Nvidia was in talks with the Trump administration about a potential new computer chip designed for China.
Intuit slipped almost 6% after the software maker behind TurboTax beat Wall Street forecasts.
Ross Stores climbed 4% after the clothing and accessory retailer reported strong second-quarter earnings and said that sales rebounded in July.
