Stock futures rose in thin summer trading ahead of a batch of economic data and the annual gathering of central bankers in Jackson Hole, Wyo.
Stocks had been on the back foot in recent sessions as money managers awaited Federal Reserve Chairman Jerome Powell’s speech in Wyoming on Friday. Some expect him to make the case for plowing ahead with interest-rate rises to curb decades-high inflation, a stance that could take the wind out of the rally that took off in mid-June. Another item on the list of investors’ concerns is a major slowdown in China’s economy.