Market Insider

Rally in hand, traders eye data

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At the close: Stocks snap back
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Commodities tomorrow: Oil pops 10%
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The Fed conundrum

As stocks attempt to hold the recent recovery from correction territory, the Street will get another look on Friday at some of the factors the Federal Reserve is eyeing in timing a rate hike.

The final read on August consumer confidence from the University of Michigan at 10 a.m. ET, takes particular prominence. In comments Wednesday, New York Fed President William Dudley singled out the index as an indicator of the volatile stock market's impact on the economy.

Dudley said the case for a September rate hike has become less compelling. Central bank policymakers continue their annual meeting in Jackson Hole, Wyoming, on Friday.