Walmart, Jackson Hole
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12hon MSN
Wall Street finished in the red as Walmart weighed on markets and eyes turn to Jackson Hole
Wall Street closed lower on Thursday, pressured by declining shares of Walmart (WMT) all while investors look ahead to Federal Reserve Chair Jerome Powell’s upcoming speech at Jackson Hole on Friday.
Traders are hoping that Fed chair Jerome Powell will indicate an imminent cut to interest rates during his remarks - but this is far from guaranteed.
Walmart earnings are in early focus before the highly anticipated start of the Federal Reserve's gathering at Jackson Hole.