US stocks tumble as Nvidia-led rally fizzles ahead of Powell's Jackson Hole speech
Indexes dropped despite Nvidia stock hitting an all-time high after the chipmaker's blowout second-quarter earnings report.
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Indexes dropped despite Nvidia stock hitting an all-time high after the chipmaker's blowout second-quarter earnings report.
A stock sell-off in August, prompted in part by rising bond yields, means traders are listening closely for how long they can expect higher rates.
A stock sell-off in August, prompted in part by rising bond yields, means traders are listening closely for how long they can expect higher rates.
"I think the Fed likely says something dovish-ish. Why? Does Fed want to risk another 'something breaking' ala February 2023?" Fundstrat said.
U.S. stock futures moved higher early Monday, as Wall Street looks to snap a three-week losing streak.