Friday
- Federal Reserve Chair Jerome Powell signaled on Friday that a rate cut could come in September, noting that the outlook and shifting risks may justify a policy adjustment.
- In his remarks on the economy and the Fed’s policy framework, Powell emphasized that inflation risks remain tilted upward, pointing out that tariff-related pressures are now clearly evident.
- U.S. stocks surged with the Dow gaining over 600 points after Federal Reserve Chair Powell’s Jackson Hole speech signaled potential rate cuts. Treasury yields declined notably, with the 10-year yield dropping to 4.27% as bonds rallied on the dovish tone.
Thursday
- Technology stocks drove the S&P 500 lower for a fourth straight day as markets await Fed Chair Powell’s Jackson Hole speech. Initial jobless claims increased to 235,000, exceeding forecasts.
- Walmart released mixed earnings results and lowered guidance, impacting market sentiment. The dollar held firm as expectations for a September Fed rate cut diminished.
Wednesday
- US stocks were mixed on Wednesday after a sharp sell-off in tech shares, as investors assessed the latest retail earnings and awaited Federal Reserve minutes for signals on potential interest-rate cuts.
- The Dow Jones Industrial Average gained about 0.1%, while the S&P 500 slipped around 0.2%. The tech-heavy Nasdaq Composite dropped roughly 0.4%, following Tuesday’s weakness driven by declines in Palantir and Nvidia.
Tuesday
- US stocks were mixed on Wednesday after a sharp sell-off in tech shares, as investors assessed the latest retail earnings and awaited Federal Reserve minutes for signals on potential interest-rate cuts.
- The Dow Jones Industrial Average gained about 0.1%, while the S&P 500 slipped around 0.2%. The tech-heavy Nasdaq Composite dropped roughly 0.4%, following Tuesday’s weakness driven by declines in Palantir and Nvidia.
Monday
- US stock futures edged lower on Monday as investors focused on risks surrounding a high-stakes US-Ukraine meeting, starting a week highlighted by a Federal Reserve speech that could shape the outlook for interest rates.
- Futures on the S&P 500 slipped about 0.1%, while Dow Jones Industrial Average futures were roughly flat after two consecutive winning weeks for the major indexes. Contracts on the tech-heavy Nasdaq 100 dropped nearly 0.2%.
- Gold prices rose on Monday morning, rebounding from a two-week low as investors focused on crucial discussions between US President Donald Trump, Ukrainian President Volodymyr Zelensky, and European leaders, amid early indications of a potential peace deal with Russia.
