S&P 500 futures were near flat Thursday night, with the broad index down 0.1%, Nasdaq 100 futures losing 0.2% and Dow Jones futures slipping 28 points. Gap shares jumped 15% despite a mixed quarterly report after announcing a new chief executive for its struggling Old Navy brand, while Marvell Technology slid 6% following disappointing gross margin guidance. Investors are closely watching Federal Reserve Chairman Kevin Warsh’s planned speech at the annual Jackson Hole symposium for signals on interest rate direction. Fed funds futures are pricing in roughly a 64% likelihood that the central bank holds rates steady at its next meeting. The three major U.S. indexes are on track to end the week higher, which would mark the Dow’s first winning week in three.
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