Wall Street ends on muted note ahead of Jackson Hole summit, retailers’ earnings | 4K
Wall Street’s main indexes closed on a subdued note on Monday (August 18), after struggling for direction while investors awaited a raft of corporate earnings reports from major retailers for more signs about the state of the economy and the Federal Reserve’s annual symposium in Jackson Hole.
Walmart, Home Depot and Target, among others, are set to report results this week and are likely to indicate how trade uncertainty and inflation expectations have affected U.S. consumers. Markets also hope that the Fed’s Jackson Hole, Wyoming, conference between August 21 and 23, where Fed Chair Jerome Powell is expected to speak, could offer more clarity on the economic outlook and the central bank’s policy framework.
