Monday morning on Wall Street started off with a bit of a slowdown. After two weeks of solid gains and the Dow breaking record levels, futures eased as investors braced for a week packed with pivotal developments. All eyes are on earnings from heavyweight retailers like Walmart, Home Depot, and Target—an anticipated gauge for U.S. consumer resilience as inflation and trade worries loom.
At the same time, the spotlight is on Jackson Hole, where Fed Chair Jerome Powell will deliver remarks with potentially market-moving implications for interest rate policy. Traders are on edge, parsing every clue.
Political tensions also added a layer of uncertainty. President Trump signaled to Ukraine that stepping back from claims to Crimea or NATO membership could precede peace talks with Ukrainian and European leaders, triggering careful moves in risk assets. Among equities, UnitedHealth pushed higher following its recent rally, while crypto-linked names and Bitcoin slipped. Meanwhile, merger buzz sparked action: Dayforce surged on buyout talk and Soho House jumped on privatization rumors.
In short: Wall Street is catching its breath—focused, yet cautious—as it awaits fresh data, Fed commentary, and political developments that could shape the week’s tone.
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