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U.S. stocks: Futures slip ahead of Yellen speech
LONDON (MarketWatch) — U.S. stock futures slipped Friday before Federal Reserve Chairwoman Janet Yellen was set to capture center stage at a high-profile gathering of the world’s central bankers.

Futures for the Dow Jones Industrial Average DJU4, -0.24% were off 2 points at 17,014, while those for the S&P 500 index SPU4, -0.16% shed 1 point to 1,988.90. Nasdaq 100 index NDU4, +0.05% futures gave up less than 1 point at 4,047.00.

The major benchmarks are on track to log weekly advances of at least 1.5% each. Thursday’s session ended with the S&P 500 Index SPX, +0.29% marking its 28th record closing high this year and the Nasdaq Composite COMP, +0.12% ending at its highest level since March 31, 2000.

Journey to Jackson Hole: Yellen, at her speech at the annual gathering of central bankers in Wyoming, is expected to focus on the labor market. Her remarks are slated to begin at 10 a.m. Eastern Time. Yellen has previously outlined the lineup of indicators she’s watching to gauge the health of the labor market, including wages and the number of people working part time who want to work full-time.

The “hawkish noises coming out of the recent [Fed] meeting minutes will add extra spice to what Yellen has to say,” said Richard Perry, market analyst at Hantec Markets, in a Friday note. “It would be surprising if she did anything other than hold a steady ship and that the Fed will maintain an accommodative monetary policy for a considerable period of time.” http://www.marketwatch.com/story/us-stocks-futures-slip-ahead-of-yellen-speech-2014-08-22