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LivestreamMenuA trader works on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, Aug. 24, 2026. Michael Nagle | Bloomberg | Getty Images
S&P 500 futures are near flat Thursday night as investors monitored earnings reports awaited Federal Reserve Chairman Kevin Warsh’s latest address.
Futures tied to the broad index shed 0.1%, while Nasdaq 100 futures lost 0.2%. Dow Jones Industrial Average futures slipped 16 points, also little changed.
Gap shares jumped 16% despite a mixed quarterly report as the retail announced a new chief executive for the struggling Old Navy brand. Workday shares advanced 1% after the company surpassed expectations on the top and bottom lines in the second quarter.
Stocks advanced on Thursday, led higher by Nvidia‘s post-earnings rally of nearly 9%. The technology sector, S&P 500 and Nasdaq Composite all recorded their best day since Aug. 4.
Traders are looking ahead to Warsh’s planned speech at the central bank’s annual symposium in Jackson Hole, Wyoming. While not tied to a formal policy meeting, investors will be watching for signals about where Warsh believe interest rates could go next. Fed funds futures are pricing in a roughly 64% likelihood that central bank holds rates steady at its meeting next month, according to CME’s FedWatch tool.
“Investors have very little history with how he talks,” said Natalia Lojevsky, managing director at CIFC Asset Management. “New chairs use this stage to set the frame for their tenure, and whatever language he establishes Friday gets applied to every data print for the next year.”
With Thursday’s advance, the three major indexes are on track to end the week higher. If the Dow ends positive, it would mark the blue-chip index’s first winning week in three.
32 Min Ago
See the stocks moving after hours
These are some of the stocks making big moves in extended trading:
- Gap – Shares of the clothing retailer jumped about 7% after Gap announced Michael Francis will take the helm at Old Navy, starting Nov. 2. He succeeds Haio Barbeito, who has been the CEO since 2022. Adjusted earnings for Gap in the second quarter topped estimates, coming in at 52 cents per share versus the LSEG consensus estimate of 48 cents.
- Marvell Technology — The semiconductor stock was marginally lower despite the company beating expectations for the second quarter on both lines. Marvell earned 94 cents per share, excluding items, on $2.74 billion in revenue, while analysts surveyed by LSEG anticipated 93 cents a share and $2.71 billion, respectively.
- Autodesk – The maker of 3D design software slid 6% after its earnings projections disappointed Wall Street. Autodesk sees adjusted earnings ranging from $3.04 to $3.09 per share in the third quarter, while analysts polled by LSEG were looking for $3.14 per share. Full-year adjusted earnings guidance was $12.52 to $12.60 per share, compared to the $12.60 anticipated.
— Alex Harring
38 Min Ago
Stock futures are near flat
Futures tied to the Dow and S&P 500 are little changed shortly after 6 p.m. ET Thursday. Nasdaq 100 futures shed 0.2%.
— Alex Harring
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