News Formal

Nasdaq falls, stocks prepare for Fed Chair Powell's comments

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 31 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 63%

Nasdaq Composite News

Jerome Powell,Julie Hyman,Negative Territory

All three of the US major averages (^DJI, ^IXIC, ^GSPC) clocked out of Thursday's session in negative territory, the Nasdaq Composite even falling by 1.67%. ...

, the Nasdaq Composite even falling by 1.67%. Markets and investors alike are evidently bracing for Federal Reserve Chair Jerome Powell's speech from the Jackson Hole Economic Symposium tomorrow morning.So we have a sell off here happening for the major averages taking the dow down by about 100 and 77 points.The S and be in the NASA actually having their worst day since the big jobs support induced sell off back on August 5th.No big catalyst to send things lower today.

The Russell 2000 though, is falling pretty much in line with the S and P 500 guess what volatility is ticking back up as well as we see this selling.That's right, Julie, it was only yesterday that I was noting that volatility actually bottomed a few days ago and it's been trending up even though on Wednesday or excuse me, Tuesday and Wednesday, we also had stocks largely up as well.

This 'magical' anti-aging cream gave me immediate results — and it's 51% off on Amazon Canada right nowFormer Lockheed Martin Chief Financial Officer Joins Rocket Lab Board of Directors

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

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

Retail earnings, Fed Chair Powell's speech: What to watchAs the trading week draws to a close, here are the key events investors can turn their attention to in the coming week. Retail earnings take center stage...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq, Dow rise as wait for Powell beginsInvestors are counting down to a speech by Jerome Powell at Jackson Hole that could reset rate-cut expectations.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq resume climb as Fed minutes signal 'likely' September rate cutInvestors marking time before Jackson Hole will get Fed minutes and jobs data revisions that could shift the needle on rate cut bets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq resume climb as Fed minutes signal 'likely' September rate cutInvestors marking time before Jackson Hole will get Fed minutes and jobs data revisions that could shift the needle on rate cut bets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »