US STOCKS-Wall Street falls on Jackson Hole jitters

Reuters
2025.08.19 18:16
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U.S. stocks fell as investors await Federal Reserve Chair Jerome Powell's comments at the Jackson Hole symposium. The Nasdaq dropped over 1%, with tech giants Nvidia and Microsoft declining. Home Depot's shares rose after maintaining annual forecasts, while Intel surged 8.5% following a SoftBank investment. The market is cautious ahead of upcoming earnings reports from major retailers, reflecting consumer spending concerns. Interest rate futures suggest two cuts this year, with the first expected in September. Overall, advancing issues slightly outnumbered decliners on the NYSE.