PARIS (Reuters) – US stock markets moved cautiously on Wall Street on Monday, at the start of a week marked by the Jackson Hole meeting and the publication of Nvidia’s results.
In early trading, the Dow Jones index was stable at 34,508.13 points and the broader Standard & Poor’s 500 rose 0.27% to 4,381.51 points. The Nasdaq Composite takes 0.44% or 58.93 points, to 13,349.702
Markets are positioning themselves ahead of the Jackson Hole meeting, during which Federal Reserve Chairman Jerome Powell will speak on the US economy.
Activity is holding up despite rate hikes, and investors are beginning to worry that the central bank may have to tighten monetary conditions again to cool the economy and inflation.
In addition, the markets will scrutinize the results of Nvidia expected on Wednesday, the company having been one of the main contributors to the performance of the equity markets this year against a backdrop of enthusiasm for artificial intelligence (AI). Any disappointment would weigh on US stocks.
On the stock side, Citigroup gained 1.16% after the Financial Times reported that the bank is considering a plan to dismantle its institutional division into its three main business segments, investment and merchant banking, global markets and services. of transactions.
(Writing by Corentin Chapron, editing by Kate Entringer)
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