Stocks fell broadly on Thursday, with the S&P 500 down 0.4%, sliding for a fifth straight session as investors turned their focus to Fed Chair Powell's upcoming speech at Jackson Hole. The Dow Jones dropped 150 points, while the Nasdaq lost 0.5% amid ongoing weakness in big tech.
Walmart weighed on markets after its shares slipped over 4% despite raising its full-year sales and profit outlook, as its quarterly earnings missed expectations for the first time since 2022. The disappointing results, combined with cautious signals from other major retailers, underscored consumer uncertainty amid higher tariffs and mixed spending trends.
Meanwhile, jobless claims came in hotter than expected, while S&P Global's composite PMI showed business activity accelerating to its strongest pace in three years, reflecting a mixed economic picture. Traders are now awaiting Powell's remarks on Friday for clarity on whether a rate cut is likely in September, with futures markets pricing in a 73% chance.
Source: Trading Economi
The S&P 500 closed 0.4% lower on Thursday, marking its fifth consecutive decline as investors looked ahead to Fed Chair Jerome Powell's speech at Jackson Hole. The Dow Jones slipped 153 points, w...
European stocks closed lower, tracking the losses for government bonds in the Eurozone as markets assessed some clarity on trade between the EU and the US, fresh economic data, and their impact on rat...
US stocks were lower on Thursday, extending the poor momentum this week as markets assessed the outlook on rates and retailers' earnings for hints on the strength of the consumer. The three main equit...
European equities were little changed on Thursday as investors awaited updates from the Federal Reserve's Jackson Hole symposium for clues on the path of monetary policy. The pan-European STOXX 600 i...
Asia-Pacific markets mostly rose as investors assessed the four-day losing streak for the S&P 500, led by declines in tech stocks. Investors in the region are awaiting India's HSBC Composite flas...
When President Donald Trump launched his tariff blitz, economists warned of soaring inflation as costs hit consumers. The hit was delayed by corporate countermeasures, but now early signs of tariff-driven price hikes are emerging, and Morgan...
Oil prices rose by nearly a dollar a barrel on Thursday as Russia and Ukraine blamed each other for a stalled peace process, and as earlier U.S. data showed signs of strong demand in the top oil consuming nation. Brent crude futures rose 83 cents,...
The S&P 500 closed 0.4% lower on Thursday, marking its fifth consecutive decline as investors looked ahead to Fed Chair Jerome Powell's speech at Jackson Hole. The Dow Jones slipped 153 points, while the Nasdaq 100 dropped 0.5% amid continued...
The Fed held rates steady at 4.25%–4.50% for a fifth straight meeting, as expected, but two governors dissented in favor of a cut the first such...
Asia-Pacific markets mostly fell Tuesday as investors await the outcome of the talks between U.S. President Donald Trump, Ukraine's President...
U.S. President Donald Trump said on Monday that he was arranging a meeting between Russian President Vladimir Putin and Ukrainian President...
Donald Trump urged Russia's Vladimir Putin and Ukraine's Volodymyr Zelenskiy to show "flexibility" as the US president seeks to expedite his efforts...