Jerome Powell's Jackson Hole speech in focus
Digest more
Jackson Hole, STOXX Europe 600
Digest more
The stock market is heading into a catalyst-filled week as Fed Chair Jerome Powell gets ready to speak at Jackson Hole and big retailers report earnings.
By Ishaan Arora (Reuters) -Gold ticked up on Wednesday but hovered near three-week lows, as investors looked towards the Federal Reserve's July meeting minutes and the Jackson Hole, Wyoming symposium of central bankers this week for cues on further rate cuts.
The Nasdaq fell as megacaps lost, after having rallied for much of the year. Nvidia fell 3.5%, the biggest drop in nearly four months.
1don MSN
'Halftime' Investment Committee games out the Fed's next move and positioning ahead of Jackson Hole
The Investment Committee debates the impact of Fed Chairman Jerome Powell’s upcoming Jackson Hole speech on the tech trade and how to position ahead of it.
The U.S. dollar was little changed on Wednesday as traders awaited a speech from Federal Reserve Chair Jerome Powell at the annual Jackson Hole central bankers' symposium later this week for clues on the path of monetary policy.