Stock futures fall as Wall Street looks ahead to Jackson Hole

The floor of the New York Stock Exchange is occupied by traders.

The U.S. stock futures fell on Sunday night after a halt in the summer rally last week.

The futures for the blue chip index slid by 94 points. The S&P 500 and theNasdaq 100 futures were down.

The S&P 500 fell on Friday. The S&P 500 dropped 2% and the Dow Jones Industrial Average fell 1%.

There could be a lot of activity on Wall Street next week. The Jackson Hole economic symposium is where Powell is expected to speak about inflation.

We may see a bit of that play out next week as investors await the symposium, as we have written a couple of times about wait and see trading ahead of key events/releases.

Palo Alto Networks is expected to report results after the bell.

Powell is expected to shed some light on the pace of future interest rate hikes when he speaks at Jackson Hole this week.

Even as investors enjoyed a summer rally partly due to expectations of a less aggressive Fed, Powell may forward comments from Fed officials who recently underscored their commitment to fighting inflation.

The president of the St. Louis Fed said in an interview with the Wall Street Journal that he is considering another interest rate hike.

CNBC pro has more on what to expect from the Fed chair.

The person is Sarah Min.

The futures market opened lower. The futures for the blue chip index fell by 94 points. The S&P 500 and theNasdaq 100 futures were down.

The person is Sarah Min.