As international central bankers gathered for the highly anticipated Jackson Hole economic symposium of the U.S. Federal Reserve, stock futures rose on Thursday.
After the index ended a three-day losing streak in the previous session, contracts on the S&P 500 increased by 0.6%.
The Dow Jones Industrial futures increased by 100 points, or 0.3%, while the Nasdaq Composite futures increased by 0.8%.
The fitness equipment manufacturer Peloton Interactive (PTON), whose revenue fell short of Wall Street projections, announced
an operating loss of more than $1 billion for the fourth quarter of its fiscal year. Shares fell as much as 16% in pre-market trading as a result of the report.
As activity seems to be slowing down in some areas of the U.S. economy, investors will be watching the Fed's meeting in Wyoming for hints from central bank officials on
the speed and scope of their rate-hiking plans for the remainder of this year. The most anticipated part of the meeting is scheduled for Friday,
when Chair Jerome Powell is expected to make comments that could reveal whether the central bank will publish its next policy in September,