Stock indexes are up today after five days of declines. The S&P 500, Dow Jones, and Nasdaq 100 are all in positive territory. Markets are awaiting Fed Chair Powell’s speech at Jackson Hole for clues on inflation and labor market support.

If Powell takes a hawkish stance, stocks could face pressure. Several Fed officials expressed concerns about inflation, reducing chances of a September rate cut. Geopolitical focus remains on Russia-Ukraine negotiations, while Trump widens steel and aluminum tariffs to include consumer goods.

Tariff truce with China extended, while India faces increased tariffs. US tariff rates could rise significantly. Earnings reports show strong Q2 results, with S&P 500 earnings exceeding expectations. Overseas markets are higher, with Euro Stoxx 50, Shanghai Composite, and Nikkei Stock 225 all up.

Federal funds futures show lower chances of a rate cut in September and October FOMC meetings. European bond yields are mixed, and German GDP is revised lower. ECB rate cut chances stand at 2%. Stock movers include chipmakers like ON Semiconductor and Intel. Ubiquiti, Zoom Communications, and Ross Stores report positive earnings, while Intuit and Workday face losses.

Ulta Beauty and Intuit show contrasting stock movements, with Ulta up and Intuit down. Nvidia leads losers in the Dow Jones after halting chip production for China. Paramount Skydance sees a downgrade. Earnings reports include BJ’s Wholesale and Ubiquiti Inc. These updates provide a comprehensive overview of the current financial landscape.

Read more at Nasdaq: Stocks Higher Ahead of Fed Chair Powell’s Comments