Markets

Futures Drift Lower Ahead of Yellen; Russian Trucks in Ukraine Rekindle Geo-Political Jitters

Stocks futures are trading slightly lower, snapping a four-day winning streak as traders are cautious ahead of Federal Reserve Chair Janet Yellen's speech this morning in Jackson Hole, Wyo. Geo-political risks in Eastern Europe are also adding to the defensive tone.

Last night, a convoy of Russian trucks crossed the Ukraine border without Kiev's permission, rekindling concerns that Russia will continue to move troops across the border under the guise of humanitarian aid. This caused weakness in European markets which further weighed on U.S. equities.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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