Warsh's Hawkish Tilt Contributes To Weakness On Wall Street
Investors sold shares after Warsh’s hawkish remarks raised rate concerns, with the Nasdaq down 138.93 points and the S&P 500 off 19.23 points, officials said.
- Stocks moved mostly lower on Friday, August 28, 2026, with the Nasdaq sliding 0.5 percent to 26,402.42 and the Dow edging down less than a tenth of a percent to 53,559.99.
- Consumer prices data and economic output figures dominated the economic front this week, while latest demand figures for durable goods also drew significant attention from market observers.
- Survey data on business morale in Germany, Europe's largest economy, remained in focus, while in Asia the interest rate announcement from South Korea served as a primary highlight.
- Corporate activity included Tesla recalling 3 million cars in China and JATT III Acquisition Corp pricing a $60 million IPO at $10 per share.
- These losses largely offset the strength observed in the previous session, as markets continued reacting to broad economic reports and corporate updates throughout the week.
16 Articles
16 Articles
Stocks Fall Slightly After Warsh's Speech
The bond market swung Friday as investors built bets that the Federal Reserve will hike interest rates soon to get inflation under control. US stocks, meanwhile, dipped but not by much after economists said a speech by Chairman Kevin Warsh helped strengthen faith that the Fed will do what's needed...
Warsh's Hawkish Tilt Contributes To Weakness On Wall Street
After seeing considerable volatility early in the session, stocks moved mostly lower over the course of the trading day on Friday. The major averages all moved to the downside on the day, partly offsetting the strength seen in the previous session.
The New York Stock Exchange closed with losses, following warnings from the head of the US central bank (Fed) Kevin Worth regarding the course of inflation in the US, which strengthened… Wall Street closes with a fall - ΙΝΑΤΕΜΟΠΟΡΙΚΙ
Wall Street closed with losses as investors evaluated the statements of Fed Chairman Kevin Worth at the Jackson Hole symposium.
Cryptocurrency fell by 3.28%, to US$ 77,551.39, while Ethereum fell by 0.24%, to US$ 2,508.80
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