The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
Here are the biggest calls on Wall Street on TuesdayInvestingread more
Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
Yellen, who spoke after the market closed, may have slightly recalibrated expectations for a rate rise, by saying she personally anticipates a hike this year.
Traders had hoped the speech would clarify the central bank's position on rate hikes, after last week's FOMC meeting and a week of volatile markets.
Read More Yellen nudges markets slightly on rates
The Fed chair said it would likely be appropriate to raise rates from near zero "sometime later this year," though the decision would continue to rely on economic data. In her comments last week, she had not identified herself as part of the group favoring rate hikes this year, but she had made a similar comment during the summer.
Dow futures traded about 210 points higher after briefly gaining 250 points, while S&P 500 and Nasdaq futures also indicated a higher open.
On the data front, the second revision for second-quarter GDP came in at 3.9 percent.
GDP was expected to show growth at 3.7 percent. Consumer sentiment is due to be released at 10:00 a.m.
The dollar gained and yields held higher, with the 2-year near 0.71 percent.
In Europe, the pan-European Stoxx 600 index was about 3 percent higher Friday morning, helped by some recovery in auto stocks. In Asia, the Shanghai Composite index closed down 1.62 percent, while Japan's Nikkei finished 1.76 percent higher.
BlackBerry—The handset maker lost an adjusted 13 cents per share for its latest quarter, 4 cents wider than estimates. Its revenue was well short of forecasts, and it projected "modest" sequential quarterly revenue growth for the rest of fiscal 2016.
Finish Line—The athletic apparel and footwear retailer matched estimates with adjusted quarterly profit of 57 cents per share. Revenue missed analyst forecasts, however, as same-store sales rose 1.5 percent.
In oil markets, Brent crude traded at around $48.28 a barrel, up 0.23 percent, while U.S. crude was at $45.23 a barrel, up 0.71 percent.
--CNBC's Patti Domm contributed to this report.