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.

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