U.S. stock indexes turn positive in bid to take four-day losing streak off table

0
17

U.S. stocks opened marginally lower again on Wednesday as the main benchmarks headed for a fourth day of losses ahead of closely-watched commentary from Federal Reserve Chairman Jerome Powell. The S&P 500 SPX, +0.29% fell 3 points, or 0.1%, to 4,126. The Nasdaq Composite COMP, +0.41% retreated 5 points, or 0.1%, to 12,377. The Dow Jones Industrial Average DJIA, +0.18% fell 50 points, or 0.1%, to 32,862. Powell will deliver an update on the Fed’s thinking Friday morning when he speaks at the central bank’s annual economic symposium in Jackson Hole, Wyo. As some economists brace for hawkish rhetoric from Powell, investors are also digesting a wave of downbeat economic data from around the world, including signs of a softening housing market in the U.S. and weak purchasing-managers’ index data in Europe and the U.S.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleFirst lady Jill Biden tests positive for COVID in ‘rebound’ case
Next article: Homebuyers enjoy newfound ‘bargaining power’ as sellers agree to repairs, accept lower down payments, and make other concessions

LEAVE A REPLY

Please enter your comment!
Please enter your name here