Fed's Powell at Jackson Hole
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21hon 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.
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Investor's Business Daily on MSNStock Market Today: Dow Jones Futures Fall After Surprise Jobless Claims; Walmart Tumbles On Earnings Miss (Live Coverage)
The Dow Jones index dropped Thursday after surprise initial jobless claims. Walmart stock sold off on earnings miss.