Kansas City Fed hosts its annual economic policy symposium in Jackson Hole, Wyoming, ThursdayUS personal income, PCE deflator, University of Michigan consumer sentiment, FridayThe Nasdaq 100 rose 0.6%The MSCI World index rose 0.
3%The euro was little changed at $0.9979BondsGermany’s 10-year yield advanced four basis points to 1.36%West Texas Intermediate crude rose 0.1% to $93.84 a barrel–With assistance from Andreea Papuc, Robert Brand and Vildana Hajric.
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Business Maverick: Tech Gets Crushed With Treasury Yields on the Rise: Markets WrapA sobering tone took over Wall Street after a rally that added $7 trillion to the stock market, with traders bracing for hawkish rhetoric from Federal Reserve officials gathering at the annual Jackson Hole retreat later this week.
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