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Investors weighed new trade measures against Canada and Iran, looming Nvidia earnings, and predictions for Kevin Warsh's first Jackson Hole speech as Fed chair.
Investors weighed new trade measures against Canada and Iran, looming Nvidia earnings, and predictions for Kevin Warsh's first Jackson Hole speech as Fed chair.
Oil prices fell back after U.S. Treasury Secretary Scott Bessent announced fresh sanctions against Iran and warned that countries persisting in doing business with the Islamic Republic would face retaliation. High yields make it more expensive for everyone to borrow, not just the government, and already have pushed up mortgage rates and hurt the housing industry.
<body><p>STORY: Wall Street's main indexes ended mixed on Monday, with the Dow adding about a quarter of a percent, the S&P 500 shedding roughly the same amount, and the Nasdaq sliding around three-quarters of a percent.</p><p>Investors braced for a busy week that includes Fed Chair Kevin Warsh's debut speech at the central bank's annual Jackson Hole symposium.</p><p>Rob Haworth is senior investment strategy director at U.S. Bank Asset Management Group.</p><p>"We've got a big week ahead of us with Nvidia earnings on Wednesday, personal income and PCE [Personal Consumption Expenditures] also on Wednesday. So that'll be key. And then none of us are really sure what Chair Warsh is going to say on Friday morning. It probably isn't a lot about the future of monetary policy, but we are all interested in, what is the reaction function going to be? And we're maybe hopeful that he'll say something. But I think this is a market that's kind of waiting for some direction, and there's maybe a little nerves ahead of all that.”</p><p>:: Archive</p><p>Meanwhile, the Trump administration announced a possible expansion of sanctions on countries doing business with Iran as part of what it billed as an "economic D-Day," but stopped short of actually imposing penalties.</p><p>Chip stocks sold off, with Nvidia dropping 3%, Micron Technology falling nearly 6% and Broadcom sliding about 2.5%.</p><p>Separately, President Trump warned that tariffs on cars, trucks and automotive parts from Canada would be increased to 50% starting January 1 after trade talks collapsed over the weekend.</p><p>Shares of Ford and General Motors fell, while trucking company J.B. Hunt Transport tumbled nearly 6%.</p></body>
Stocks didn’t move much Monday morning after President Donald Trump threatened even more severe tariffs on Canada. The Dow was still up 162 points, or 0.3%. The S&P 500, which was weighed down by chip stocks, was still down 0.
A make-or-break week for the stock market kicked off with another wave of chip stock selling. The Nasdaq Composite fell 0.5%. Ahead of Nvidia’s blockbuster earnings report on Wednesday, the iShares Semiconductor ETF was down again.
Aug 24 (Reuters) - Wall Street's main indexes opened lower on Monday as investors weighed the U.S. pledge of an "economic D-Day" against Iran while awaiting AI giant Nvidia's quarterly results and a
Trade tensions, bond yields, Jackson Hole and a heavyweight earnings slate are all competing for attention
Investing.com -- S&P 500 and Nasdaq futures fell Monday as investors braced for a heavy week featuring potential new U.S. sanctions on Iran, Federal Reserve Chair Kevin Warsh’s Jackson Hole address, and quarterly results from Nvidia.
The tech-heavy Nasdaq 100 was dropping 0.5% in Monday's premarket. All three major indexes were down for the week ended Friday amid concerns about long-term Treasury yields, the national debt, tech-sector pressure, and geopolitical tensions in energy markets. With benchmark Treasury yields remaining elevated —10-year yields floating near multi-month highs around 4.7%—concerns remain remain amid persistent inflation and sustained higher borrowing costs.
Federal Open Market Committee (FOMC) policymakers just acknowledged that Fed Chair Kevin Warsh's worst-case scenario for inflation is a genuine possibility.
Oil prices fell on Monday as investors braced for details of a US plan to isolate the Iranian economy that President Donald Trump billed as the "most crushing" financial operation ever against Tehran.Vice President JD Vance admitted the plan was a "delicate dance" because Iran will "try to apply economic pressure to us".
The U.S. imposed a 50% tariff on about $20 billion worth of Canadian imports after talks between the countries broke down late Friday night. The levy officially went into effect at 12:01 a.m. Saturday.
Nvidia earnings headline a busy week with an all-important inflation reading
Energy prices aren't the headline inflation story any longer.
A tricky stock market struggles against industry rotation and wavering investor confidence heading into the final full week of August.
Thanks to Scott Bessent, Fed Chair Warsh now finds himself stuck between a rock and a hard place.
The market rally suffered damage last week, though bitcoin and gold shined. Nvidia and CrowdStrike earnings are critical while Fed's Warsh will make a big speech.
US equity indexes rose markedly on Friday, even as bond yields continued to rise after Canada's trad
Rising Treasury yields and inflation fears drove a broad selloff, leaving the S&P 500 down nearly 2% for the week
The president's repeated calls for lower interest rates are falling on deaf ears amid elevated inflation that's primarily been driven by his policies.
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