Markets retreat as Fed enthusiasm fades post-Jackson Hole rally. Powell hints at potential rate cut due to job market slowdown and tariff-driven inflation concerns, sparking market caution. Larry Summers warns of inflation and political pressures on the Fed. Intel stock rises on US government investment, but faces challenges with potential loss of chip-building business. Nvidia bullish ahead of earnings, expected to benefit from China sales rebound and AI spending. Walmart’s less-than-perfect quarter prompts bearish sentiment, but Evercore ISI analyst sees buying opportunity with fair value at $110 per share.

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