Stock market today: US stocks steady as countdown to Jackson Hole begins

US stocks were broadly steady on Monday after posting their best week in a year, as investors began counting down to a speech by Fed Chair Jerome Powell at Jackson Hole that could reset rate-cut expectations. The S&P 500 rose 0.1% to hover near record highs, while the Dow Jones Industrial Average also wavered around the flatline. The tech-heavy Nasdaq Composite rose 0.1%.

Focus is already turning to Powell's speech at the central bank's Jackson Hole symposium on Friday, in a quiet week for economic data. As confidence in a "soft landing" for the economy grows — Goldman Sachs now sees a lower likelihood of recession — the question for investors isn't whether the Fed will lower interest rates in September, but by how much. As of Monday morning, traders are pricing in a 72% chance the Fed will reduce rates by 0.

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European stocks extend rally as focus shifts to Jackson HoleEuropean stocks edged higher, extending last week’s sharp rally, as investors awaited further clues on the U.S. economy from the Jackson Hole economic symposium.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »