Dow Jones Industrial Average (DJIA) futures are pointed modestly higher today, as the index tries to stabilize after falling for a third straight day. Tech stocks are attempting to stage a rebound, and traders are also awaiting a handful of Fed speeches scheduled for today, including the highly anticipated speech from Fed Chair Janet Yellen. Traders will also hear from Cleveland Fed President Loretta Mester and Atlanta Fed President Raphael Bostic.
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How not to hedge the S&P right now, according to Schaeffer's Senior V.P. of Research Todd Salamone.Buy calls on these 2 tech ETFs before October.Behind yesterday's big Facebook fall.Plus, 2 biotech stocks set to open at record lows; and Apple stock could break its four-day losing streak.It was a mixed finish in Asia today, as traders weighed increasing geopolitical tensions between the U.S. and North Korea. A rush to safe-haven assets gave the yen a boost -- and sent Japan's Nikkei down 0.3%. The Bank of Japan's (BoJ) latest meeting minutes were also in focus, and signaled support for the central bank's current monetary policy. South Korea's Kospi shed 0.3%, too, pressured by a drop in tech shares. Stocks in China outperformed, though, with the Shanghai Composite edging up 0.07% and Hong Kong's Hang Seng tacking on 0.05%.
The war of words between the U.S. and North Korea has most European markets trading lower at midday. The euro is also in focus, trading at a 10-week low against the pound following weekend elections in Germany. At last check, London's FTSE 100 is down 0.1% and the French CAC 40 is off 0.04%. The German DAX is holding on to modest gains, however, up 0.1%.