Stock Market Today: S&P 500 snaps 8-day win streak as energy stocks slide

Investing.com-- The S&P 500 snapped its eight-day wining streak, pressured by a fall energy stocks and cautious trading ahead of this week's Jackson Hole Symposium that will likely offer clues on monetary policy.Energy stocks fell after oil prices gave up gains despite fresh uncertainty on a ceasefire deal in Gaza after Hamas said the current agreement was amended from the one on July.

Powell could potentially flag the possibility of a 50 bps cut, Evercore analysts said, although they do not expect the Fed chairman to explicitly mention just by how much the Fed plans to begin trimming rates. Harris was endorsed by Biden in July, and was seen swiftly catching up with Republican frontrunner Donald Trump in recent polls, presenting a tight 2024 presidential race.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: S&P 500 in best week of 2024 as revived bulls resume marchStock Market Today: S&P 500 in best week of 2024 as revived bulls resume march
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 extends winning streak on signs of economic strengthStock Market Today: S&P 500 extends winning streak on signs of economic strength
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 ekes out gain ahead of key inflation dataStock Market Today: S&P 500 ekes out gain ahead of key inflation data
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 rises as tech leads recovery after tumultuous weekStock Market Today: S&P 500 rises as tech leads recovery after tumultuous week
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 jumps as softer jobs data cool recession fearsStock Market Today: S&P 500 jumps as softer jobs data cool recession fears
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 closes lower as rebound fadesStock Market Today: S&P 500 closes lower as rebound fades
Source: Investingcom - 🏆 450. / 53 Read more »