Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US stocks edge higher ahead of Warsh’s Jackson Hole speech
retained text
Business News›Markets›US Stocks›News›Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US stocks edge higher ahead of Warsh’s Jackson Hole speech LIVE BLOG US stocks edge higher ahead of Warsh speech Synopsis Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Wall Street opened mostly flat on Friday as the AI-fuelled rally lost momentum ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole speech. The Dow and S&P 500 edged higher, while the Nasdaq slipped. Investors are watching Warsh’s comments for clues on interest rates and Fed policy. Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Wall Street’s main indexes opened largely muted on Friday as the AI-driven rally faded ahead of Federal Reserve Chair Kevin Warsh’s closely watched appearance at Jackson Hole. The Dow Jones Industrial Average rose 0.08% to 53,611.94, while the S&P 500 gained 0.05% to 7,735.17. The Nasdaq Composite fell 0.10% to 26,515.989. Investors are focused on Warsh’s comments for signals on the Federal Reserve’s interest-rate outlook and monetary policy. Show more 1 New Update US Federal Reserve Chairman Kevin Warsh said on Friday that high inflation in the world's largest economy was "concerning," as he opened a key central bankers' meeting in Jackson Hole, Wyoming. Read more Federal Reserve Chair Kevin Warsh said inflation remains elevated and “concerning” as he opened the Jackson Hole central bankers’ meeting. He said the Fed’s focus should remain on prices and indicated financial conditions may not be restrictive enough, raising the possibility of future rate hikes. Warsh said the US economy has strengthened, with unemployment at 4.1% and business investment, earnings and consumer spending showing resilience. He also highlighted AI’s growing impact on productivity and jobs. Traders increased bets on a September Federal Reserve rate hike after Chair Kevin Warsh said recent inflation data did not indicate a change in trend. Warsh stressed that the Fed needs confidence inflation is moving clearly and quickly enough toward its 2% target, suggesting further policy action may be needed if price pressures remain elevated. Wall Street stocks edged higher early Friday ahead of an anticipated speech by Federal Reserve Chair Kevin Warsh amid investor hopes for insights into upcoming monetary policy decisions. Wall Street's main indexes opened muted open on Friday, as an AI-fueled rally fizzled out ahead of Federal Reserve Chair Kevin Warsh's much-anticipated Jackson Hole appearance. Read more Gap shares jumped 14.2% after the retailer appointed Michael Francis as Old Navy’s new CEO and raised its annual profit forecast. Investors will also assess the final University of Michigan consumer sentiment reading for August and a speech from Chicago Fed President Austan Goolsbee. Despite cautious futures, Wall Street’s main indexes remained on track for weekly gains after last week’s bond-driven selloff. Markets are now weighing whether improving sentiment can withstand renewed pressure from inflation and interest-rate concerns. Marvell Technology fell 6.9% as investors questioned the timing of revenue from its AI chip agreement with Alphabet’s Google, despite an increased 2027 revenue forecast. PayPal dropped 15.4% after Bloomberg News reported that a consortium involving Advent and Stripe had abandoned its pursuit of the payments company. The moves added to a mixed premarket session for individual stocks, with investors balancing company-specific developments against broader concerns about rates and inflation. Chipmakers pulled back in premarket trading after Nvidia’s strong forecast had fuelled gains in the previous session. Nvidia fell 0.5%, while Micron Technology and Intel declined 1.8% each. Investors are seeking fresh catalysts for the semiconductor sector as markets assess the potential revenue benefits from data-centre investment and question what could drive the next leg of the AI-led rally. The retreat suggests investors are becoming more selective despite strong demand expectations around artificial intelligence. Warsh’s speech is attracting particular attention as investors assess whether the Fed could tighten policy if inflation fails to ease. Three Fed officials issued inflation warnings on Thursday, with at least two returning to a rate-hike stance. Money markets were pricing a 35.9% probability of a September rate hike, according to CME’s FedWatch tool. Investors are therefore watching the central bank’s messaging closely as they weigh inflation risks against the need to preserve policy flexibility. Nasdaq 100 futures slipped on Friday as the AI-driven rally showed signs of cooling ahead of Federal Reserve Chair Kevin Warsh’s appearance at Jackson Hole. Dow futures were up 0.03%, while S&P 500 and Nasdaq 100 futures declined 0.05% and 0.30%, respectively. Investors are looking for clues on the Fed’s policy path after mixed inflation data and renewed warnings from central bank officials. The speech is expected to shape market expectations for the September meeting.
document fetched 2026-08-29 02:42