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Wall Street drifts ahead of a big week that could swing stocks and bonds
- U.S. stocks drifted on Monday ahead of a week packed with market-moving events, with investors eyeing the annual meeting of economic leaders in Jackson Hole, Wyoming.
- Federal Reserve Chairman Kevin Warsh faces pressure to address inflation, which remains stubbornly above 3%, ahead of his key speech at the gathering later this week.
- Bond markets remain jumpy as investors monitor Treasury Secretary Scott Bessent's bond buybacks, while Nvidia remains in focus ahead of the company's profit report later this week.
- Oil prices declined on Monday as the United States prepared new sanctions against Iran, whose currency hit a record low amid ongoing tensions and a naval blockade in the Persian Gulf.
- Investors await Wednesday's release of the PCE report, the Fed's preferred inflation measure, alongside the Commerce Department's second estimate of second-quarter economic growth.
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44 Articles
44 Articles
In early trading, the Nasdaq index was down 0.47%, the broader S&P 500 index was down 0.23% and the Dow Jones was trading close to breakeven (+0.08%).
·Issy-les-Moulineaux, France
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The New York Stock Exchange opened without momentum on Monday, at the dawn of a week particularly rich in catalysts, including the quarterly results of the Nvidia Mastodon and the central banker meeting in Jackson Hole.
·Montreal, Canada
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Wall Street drifts ahead of a big week that could swing stocks and bonds
NEW YORK (AP) — U.S. stocks are drifting Monday ahead of a week packed with potentially market-moving events. The areas of the bond market that the U.S. Treasury Department is trying to calm down, meanwhile, eased a bit.
·Miami, United States
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Total News Sources44
Leaning Left16Leaning Right4Center17Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 43%
C 46%
11%
Factuality
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