Wall Street, Jackson Hole
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Federal Reserve Chair Jerome Powell is slated to speak on Friday at the Fed’s annual gathering of central bankers in Jackson Hole, Wyoming, and Evercore ISI warns that market participants might not love what he has to say.
New York – Wall Street is holding steady on Tuesday, stuck in a summer lull. The S&P 500 slipped 0.2%, a day after barely budging, and remains near its all-time high set last week. The Dow Jones Industrial Average was up 68 points, or 0.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was down 0.4%.
U.S. stock-market futures rose slightly Sunday, after Friday’s summit between U.S. and Russian leaders ended without a major breakthrough and as investors await this week’s Fed gathering in Jackson Hole,
Zelensky's meeting on a potential peace deal and an upcoming ‘three-party’ meeting between Putin and Zelensky, with Trump as a broker. Investors are now shifting their focus to the US Fed's Jackson Hole.