Stock Market Today: Dow edges lower
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Stock futures are pointing to a slightly lower open for major indexes on Wednesday as investors respond to a slew of earnings reports from retailers and brace for a big speech later in the week by Federal Reserve Chair Jerome Powell.
Policymaker sentiment will take a front seat heading into the annual Jackson Hole central banking summit.
The Dow, S&P 500, and Nasdaq are mixed as the stock market braces for the Federal Reserve's minutes and any clues about interest-rate cuts.
The blue-chip Dow briefly hit a record high on Tuesday, aided by a rise in Home Depot's shares after the retailer kept its annual forecasts intact, while caution dominated the overall mood ahead of a Federal Reserve conference later in the week.
Dow futures slipped slightly on Wednesday as investors adopted a cautious stance ahead of Federal Reserve Chair Jerome Powell’s upcoming remarks at the Jackson Hole Symposium.
Dow, S&P 500, and Nasdaq futures are falling in premarket trading as the stock market braces for the Federal Reserve's minutes and any clues about interest-rate cuts.
The Dow Jones Industrial Average reached a new intraday high of 45,207.39 on Tuesday, surpassing its previous intraday high of 45,203.52 achieved last Friday. The Dow has been drifting in and out of record territory for the past few trading days,
President Trump's tariffs continue to affect global markets and the economy. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Fed minutes are due, and top retailers will report earnings in the coming week. But the main attraction will be Jerome Powell's speech on Friday.
England winger Abby Dow will have her 98-year-old grandfather in the crowd for the World Cup opener in Sunderland on Friday.