(Reuters) – The New York Stock Exchange opened in dispersed order on Wednesday, while investors continue to analyze the results of American retailers and look forward to the Federal Reserve Symposium (Fed) in Jackson Hole.
In the first exchanges, the Dow Jones index earns 70.07 points, or 0.16%, at 44,992.34 points and the Standard & Poor’s 500, wider, fell from 0.09% to 6,405.80 points.
The Nasdaq Composite gives way 0.25%, or 54.17 points, to 21,260.78 points.
In the middle of the week, all eyes turn to the meeting of central bankers in Jackson Hole, which will be held from August 21 to 23. The president of the Fed Jerome Powell is expected to express themselves on Friday on the economic prospects and the political framework of the Central Bank.
In Jackson Hole, Jerome Powell “will be scrutinized on his ability to influence his speech on the orientation of monetary policy while being clear about the independence of the Central Bank,” said Olivier Maltete, director of investments at Yomoni.
In addition, strengthening concerns about the government’s interference in companies, sources have indicated that the Trump administration was planning to take holdings in electronic flea companies in exchange for subsidies for the Chips law, just a few weeks after signing unprecedented income sharing agreements with NVIDIA and AMD.
NVIDIA, Advanced Micro Devices and Intel lose between 0.85% and 5.51%. Nvidia’s quarterly financial results are expected on August 27.
The markets also continue to analyze the results of large American retailers.
Lowe’s wins 2.48% after announcing on Wednesday that it had concluded an agreement to buy the distributor of interior development products Foundation Building Materials for nearly $ 8.8 billion and after having noted its annual sales forecasts and exceeded the profit estimates for the second quarter.
Target, in the red, lost 9.42% after maintaining its annual forecasts, the group also appointed Michael Fiddelke on Wednesday to the post of director general to succeed Brian Cornell.
Estée Lauder abandoned 1.37% after announcing annual profit forecasts below Wall Street estimates on Wednesday.
(Written by Mara Vîlcu, edited by Kate Entringer)
Copyright © 2025 Thomson Reuters
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
