Wall Street Responds to Retail Earnings and Fed Anticipation
The stock market is experiencing mixed movements as investors react to recent retail earnings, notably from Home Depot, which briefly helped the Dow reach a record high. While the Dow showed strength, the S&P 500 and Nasdaq faced declines as concerns over upcoming speeches from Federal Reserve Chair Jerome Powell and the economic implications of recent earnings weigh heavily on market sentiment. With the Jackson Hole summit approaching, traders are keeping a close watch on signals regarding future Fed policies. Overall, the markets are navigating a cautious atmosphere, balancing the mixed performance of big Tech stocks with the latest retail data.
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