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US Stock Market Holds Steady at Opening, Market Focuses on Central Bank Annual Meeting and Retail Financial Reports
Summary: According to reports from FXStreet, the US stock market opened steady on Monday, with the market focusing on the White House meeting regarding the Russia-Ukraine conflict, while traders prepare for the upcoming retail company financial reports and the Jackson Hole annual meeting. The three major US stock indexes fluctuated between slight gains and losses at ...
According to reports from FXStreet, the US stock market opened steady on Monday, with the market focusing on the White House meeting regarding the Russia-Ukraine conflict, while traders prepare for the upcoming retail company financial reports and the Jackson Hole annual meeting. The three major US stock indexes fluctuated between slight gains and losses at the opening. Karl Schamotta, Chief Market Strategist at Corpay, stated that the market believes the Federal Reserve will cut interest rates in September, but the data released in the past two weeks has not provided solid evidence for easing.
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Link: US Stock Market Holds Steady at Opening, Market Focuses on Central Bank Annual Meeting and Retail Financial Reports [Copy]
