US EditionWall Street Holds Near Its Record Heights
Investors await Federal Reserve Chair Jerome Powell's speech for signals on possible September rate cuts while major U.S. retailers report earnings, amid geopolitical tensions and subdued market moves.
- U.S. stock markets remained close to their recent all-time highs on Monday as investors awaited key updates from the Federal Reserve and major retail companies amid mixed economic indicators.
- This follows a weak employment report after the Fed's last meeting, leading investors to watch Fed Chair Jerome Powell's upcoming speech in Jackson Hole closely.
- Treasury yields edged higher late Friday to 4.34% but largely remained lower Monday due to expectations of a September Fed interest rate cut.
- Lisa Shalett of Morgan Stanley noted that the growing divide between dominant companies and others in the stock market may raise risks, especially as many firms could struggle if inflation remains elevated.
- Wall Street's near-record levels and Fed decisions imply continued market uncertainty amid economic slowing and inflation challenges ahead.
78 Articles
78 Articles
Sun-Sentinel
Wall Street hovers near records as markets take in earnings ahead of Powell speech Friday
By ELAINE KURTENBACH and MATT OTT, Associated Press Business Writers Wall Street held near its records in premarket trading Tuesday as traders digested the latest corporate earnings reports while waiting for fresh cues about interest rates from the Federal Reserve. Futures for the S&P 500 and Nasdaq were each off about 0.1% before the bell, while futures for the Dow Jones Industrial Average inched up 0.1%. Related Articles Air Cana…
Helena Independent Record
Wall Street holds at a standstill
NEW YORK — Wall Street held near its record heights on Monday, ahead of a week likely to be dominated by updates from the head of the Federal Reserve and from some of the biggest U.S. retailers.
Wall Street holds at a standstill near record heights
Wall Street held near its records. The S&P 500 ended flat Monday, coming off its first loss after setting an all-time high in three consecutive days. The Dow Jones Industrial Average edged down 0.1%, while the Nasdaq composite inched up…
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