Wall Street Remains Steady Ahead of Retail Earnings and Fed Commentary
U.S. stock futures are exhibiting a subdued trend as traders anticipate significant retail earnings reports and the upcoming speech by Fed Chair Jerome Powell at the Jackson Hole summit. Despite hovering near record highs, Wall Street concluded trading on a muted note, reflecting cautious investor sentiment. Major indexes like the Dow, S&P 500, and Nasdaq are experiencing slight dips, as attention turns to economic indicators and the implications of Fed policy. Retail giants such as Home Depot are in focus, with investors keen on the performance outcomes which could influence market direction. As the week unfolds, many on Wall Street are holding their breath, seeking clarity on potential interest rate cuts and market movements amidst ongoing geopolitical events.
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