Jackson Hole, Powell and Wall Street
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Wall Street analysts are signaling that all this drama contains serious risks for the bond market, the dollar, and U.S. assets generally. If Trump gets his way, and U.S. monetary policy ends up being run by people who will do what he wants—as opposed to maintaining full employment and low inflation—then expect investors to recoil.
Wall Street was lower on Wednesday, as investors digested more retail earnings and await the Federal Reserve's latest meeting minutes.
U.S. stocks are slipping again on Thursday, this time after the country’s largest retailer delivered a profit that came up short of Wall Street’s expectations.
Wall Street's main indexes were set for a lower open on Thursday, as investors turned cautious ahead of the Federal Reserve's three-day conference in Jackson Hole, while big-box retailer Walmart's quarterly results did little to boost sentiment.
Futures are pointing to a lower open again. At the moment, the Dow is down 163 points. The S&P 500 is down about 19, with the Nasdaq down about 61 points. “Markets are on a three-day losing streak as investors show fatigue following a 30% rally since April,
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.
Wall Street faded on Tuesday following drops for Nvidia and other stars that have been riding the mania surrounding artificial-intelligence technology.