Dow, S&P 500, Nasdaq Futures Hold Steady as Focus Turns to Kevin Warsh’s Jackson Hole Speech

August 28, 2026

Stock Market Today

U.S. stock futures were steady in premarket trading on Friday as investors turned their attention to the Federal Reserve’s Jackson Hole Symposium, where Fed Chair Kevin Warsh is scheduled to speak.

Futures tied to the Dow Jones Industrial Average and S&P 500 traded roughly flat, while Nasdaq-100 futures slipped 0.3% following Thursday’s tech- and earnings-driven stock rally.

Markets are seeking clarity from Warsh on the Fed’s interest-rate strategy after his stance at the latest Fed meeting created uncertainty. His speech, scheduled to begin at 10 a.m. ET, comes as Fed officials remain divided over whether to raise interest rates, while inflation continues to run above the central bank’s target.

The 10- and 30-year Treasury yields were little changed ahead of the Jackson Hole symposium but remain near multiyear highs reached earlier this month, as concerns over inflation and the national debt continue to put upward pressure on yields.

Investors are also digesting Nvidia’s bullish long-term outlook, which helped restore confidence in the artificial intelligence trade and lifted tech stocks on Thursday. Similarly, Salesforce brushed aside concerns about a potential “SaaSpocalypse,” sending its shares to their best day since 2020.

There are no notable earnings reports scheduled for Friday, but the University of Michigan’s consumer sentiment survey will offer further insight into how Americans view current economic conditions. Yahoo Finance reports.

EdgeUp

🤖 E-Power Awarded US$51.04 Million Contract for Artificial Graphite and Silicon-Carbon Anode Production Lines

E-Power Inc. (NASDAQ: EPOW), a provider of AI data center microgrid solutions and advanced battery materials, announced that its indirectly wholly owned subsidiary, Shandong Sunrise Technology Co., Ltd., has been awarded a turnkey equipment and technology services contract valued at RMB 343.47 million, approximately US$51.1 million, by Shandong Fusion New Material Co., Ltd.

Shandong Sunrise was selected through a competitive procurement process completed on June 25, 2026, with the contract executed on the same day. The agreement covers the design, supply, installation, and commissioning of two production lines for the customer’s advanced electronic materials project in Laiwu District, Jinan, Shandong Province, China. GlobeNewswire reports.

🌐 Affirm Stock Jumps After Earnings as Key Metric Crushes Estimates

Affirm stock jumped in premarket trading on Friday after the fintech company comfortably beat Wall Street’s quarterly estimates, accelerating its progress toward an ambitious $100 billion target by the end of the decade. Barron's reports.

🖥️ Elastic Shares Rise 22% After Earnings Beat and FY27 Guidance Raise

Shares of Elastic NV (NASDAQ: ESTC) rose sharply in premarket trading after the company reported better-than-expected first-quarter financial results and raised its FY27 guidance.

Elastic posted adjusted quarterly earnings of $0.70 per share, beating market estimates of $0.58 per share. Revenue came in at $478.11 million, above expectations of $469.75 million.

Elastic shares climbed 21.8% to $101.95 in premarket trading. Benzinga reports.

💾 Marvell Shares Fall 8% in Premarket Trading Despite Earnings Beat

Marvell Technology Inc. (NASDAQ: MRVL) shares fell nearly 8% in premarket trading on Friday following its second-quarter fiscal 2027 earnings report, despite beating Wall Street expectations for both earnings and revenue.

Nicholas Mugalli, founder and CEO of World Trade Securities, said investors should view the sharp post-earnings selloff as a potential long-term opportunity, describing the quarterly performance as an operational validation. Benzinga reports.

⚙️ Advent and Stripe Abandon $50 Billion Pursuit of PayPal

A consortium comprising buyout firm Advent and payment processor Stripe has decided to abandon its pursuit of PayPal Holdings Inc. (NASDAQ: PYPL), according to people familiar with the matter.

The group is no longer pursuing a deal for PayPal after previously offering more than $50 billion for the company.

Founded in the late 1990s, PayPal was an early leader in digital payments but has faced increasing competition as rivals such as Apple and Alphabet have gained market share. Yahoo Finance reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) AEMD: Aethlon Medical, Inc.

Total gain: +1.135 (52.30%)

2) QNRX: Quoin Pharmaceuticals, Ltd.

Total gain: +1.11 (21.63%)

3) ESTC: Elastic N.V.

Total gain: +14.31 (17.09%)

4) SOLS: Solstice Advanced Materials, Inc.

Total gain: +8.66 (15.37%)

5) GAP: The Gap, Inc.

Total gain: +3.00 (14.41%)

Yesterday's Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on Aug 27.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET) Stock Analysis reports.

1) USDE: StablecoinX Inc.

Total gain: +2.09 (34.95%)

The stock appeared to be moving on no notable news.

2) WNW: Meiwu Technology Company Limited

Total gain: +0.830 (33.47%)

The stock appeared to be moving on no notable news.

3) OKTA: Okta, Inc.

Total gain: +38.49 (28.63%)

The company today announced that a member of its management team is scheduled to participate in an upcoming investor conference. BusinessWire reports.

Today’s Notable Earnings

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

JFIN
Jiayin Gr

Q2 2026

Before Market Open

Estimate: N/A

Actual: -0.520

BACHY
Bank Of China

Q2 2026

Before Market Open

Estimate: N/A

Actual: 0.661

MNSO
MINISO Group Holding

Q2 2026

Before Market Open

Estimate: 0.300

Actual: 0.260

Today’s Economic Dates

Time (ET) / Report / Period

9:45 AM / Chicago Business Barometer - ISM-Chicago Business Survey - Chicago PMI / Aug.
10:00 AM / U. Michigan Final Consumer Survey / Aug.
10:00 AM / Federal Reserve Chair Kevin Warsh speaks at Jackson Hole economic policy symposium

Parting Thoughts

“The best investors do not target return; they focus first on risk, and only then decide whether the projected return justifies taking each particular risk.”

— Seth Klarman

Sourced in: Seth Klarman, MIT Speech (2007).

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