Stocks: 4 things to know before the open

Written By limadu on Jumat, 22 Agustus 2014 | 17.42

S&P futures 2014 08 22 Click chart for in-depth premarket data.

LONDON (CNNMoney)

Here are the four things you need to know before the opening bell rings in New York:

1. Big day for Janet Yellen: Investors will be paying close attention to Janet Yellen's 10 a.m. ET speech at the Jackson Hole Economic Policy Symposium.

The Federal Reserve chief is expected to focus on U.S. employment trends, and investors are hoping she may give some indication about plans for interest rates and monetary policy.

Any surprise statements from Yellen tend to move markets dramatically as people reset their economic expectations.

Ahead of the speech, U.S. stock futures were stable.

Markets advanced in the previous trading session. The S&P 500 increased 0.3% to close at a record high, just above 1,992. The Nasdaq and Dow Jones Industrial Average also ended a touch higher.

Related: Fear & Greed Index

2. Stock market movers -- GameStop, Ross Stores, Rosneft: Shares in GameStop (GME) rose as much as 7% in extended trading after the company said its quarterly profit doubled.

Shares in Ross Stores (ROST) were up by about 6% after the company reported a jump in quarterly sales and profits.

Rosneft shares were lower by about 2% in Russia after The Financial Times reported a $2 billion deal with oil trader Vitol has been shelved. The energy giant, which has seen shares fall by 9% since the start of the year, is facing Western sanctions that limit its financing options.

3. Earnings: Foot Locker (FL) and the Royal Bank of Canada (RY) will report earnings before the opening bell.

Related: CNNMoney's Tech30

4. International markets overview: European markets were slightly lower in early trading, while Asian markets mostly closed with small gains.

First Published: August 22, 2014: 5:10 AM ET


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