Stocks Open Friday's Trading Flat as Investors Wait on Fed's Yellen

August 22, 2014

U.S. Stocks are starting the trading flat. Futures were rattled before the bell on rising tensions between Russia and Ukraine. Investors are waiting to hear from Fed Chair Janet Yellen as she takes center stage to give the keynote speech in Jackson Hole, Wyoming. The Gap (GPS) is planning to open 40 stores in India. It's a move for the American clothing retailer to expand internationally as sales at home dwindle. The Gap announced this strategy as it reported quarterly results Thursday. The company's sales grew 3% to nearly $4 billion. Shares of Foot Locker (FL) are moving higher after it reported better-than-expected earnings. The athletic apparel and footwear retailer posted its second-quarter profit jumped 39%. Apple's (AAPL) much anticipated iPhone 6 could face delays. Reuters reports Apple's suppliers are scrambling to have enough screens ready for the next-generation phone.