Major U.S. stock indexes rise moderately in expectation of Fed decisions

MOSCOW, August 24 – PRIME. Major U.S. stock indexes are rising moderately on Wednesday in uncertainty waiting for clues about further action by the U.S. Federal Reserve (Fed), trading data show.

Futures on U.S. stock indices fall on expectations of Fed decisions

As of 6.07 pm, the Dow Jones Industrial Average (DJIA) was up 0.11% to 32958.16 points, the NASDAQ hightech index was up 0.44% to 12434.3 points and the S&P 500 broad market index was up 0.19% to 413.74 points.

U.S. stock indexes are weakly rising Wednesday as investors, hoping for clues about the Fed’s future actions, await Regulator Chairman Jerome Powell’s speech at a conference in Jackson Hole.

“There is a mountain of expectations piling up regarding Powell’s speech at the annual central bank symposium,” analyst Patrick O’Hare was quoted by Agence France-Presse as saying.

“These expectations range from fear of a decisive hawkish performance to hope for a softening of the outlook for higher interest rates,” the expert added.