Stocks down as tech falls, Fed's Jackson Hole begins, jobless claims hit low

From Google: 2024-08-22 15:45:00

The S&P 500 and Nasdaq slipped as tech stocks fell, with Apple and Tesla among the losers. The Federal Reserve’s Jackson Hole symposium also kicked off, where Fed Chair Jerome Powell is set to speak. US weekly jobless claims reached a pandemic-era low of 353,000, down from the previous week. Investors are also monitoring economic data and news from the Fed for clues on tapering stimulus measures. The Dow Jones Industrial Average traded slightly lower. Tech shares declined, with the Nasdaq falling 0.2%, and the S&P 500 down 0.1%. Chair Powell’s speech could impact market movement.



Read more at Google: Stock market today: S&P 500, Nasdaq slip as tech falls, Fed’s Jackson Hole kicks off – Yahoo Finance