Federal reserve chairwoman Janet Yellen is putting the final touches on a highly anticipated speech to be given today from Jackson Hole, Wyoming. Investors will be listening closely for any hint of an interest rate hike to come this year. Economists are split on if the Federal Reserve will raise interest rates this year or hold off. Apple (AAPL) is pushing for a major IOS security update. In fact, the company is telling iPhone and iPad users will want to download and install it as soon as they can. It fixes 3 security holes in IOS. Motherboard reports there was an attempted hack on a human rights activist in the United Arab Emirates who was rightly suspicious of a text message and forwarded it to security experts. Olympic swimmer Ryan Lochte has a new sponsor-Pine Brothers Softish Throat drops. It says people should give the swimmer a second chance. Other sponsors, like Speed USA and Ralph Lauren, dropped the swimmer this week, saying they didn't want him associated with its brands.
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Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.