Wall Street, Federal Reserve
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Wall Street holds steadier following mixed profit reports from Target, Lowe’s and other retailers
The week’s biggest news for Wall Street is likely arriving on Friday, when Federal Reserve Chair Jerome Powell will give a highly anticipated speech in Jackson Hole, Wyoming. The setting has been home to big policy announcements from the Fed in the past, and the hope on Wall Street is that Powell will hint that an interest rate cut is coming soon.
Wall Street shares dropped on Wednesday, with a tech selloff extending into a second day, while a key meeting of central bankers later this week remained in focus for currency and rates traders.
The Dow Jones Industrial Average was flat at 44,938.31. Read more at straitstimes.com. Read more at straitstimes.com.
Wall Street ended lower on more declines in technology stocks, but the market pared its losses in the afternoon.
Wall Street faded on Tuesday following drops for Nvidia and other stars that have been riding the mania surrounding artificial-intelligence technology.
Wall Street continues to drift while news of a leadership change at Target took some of the spotlight away from the latest batch of corporate earnings reports. Futures for the
Wall Street is edging further from its records. NEW YORK (AP) — Wall Street is edging lower on Tuesday following drops for Palantir and other stars that had been riding the mania surrounding artificial-intelligence technology.
Dow futures slipped slightly on Wednesday as investors adopted a cautious stance ahead of Federal Reserve Chair Jerome Powell’s upcoming remarks at the Jackson Hole Symposium.