According to ChainCatcher news and Jin10 reports, the US stock market opened lower on Tuesday, with Home Depot’s earnings report kicking off a series of key retail company performances. Investors are also following the Central Bank annual meeting held this week to assess the interest rate path. The S&P 500 index opened down 0.1%, the Nasdaq 100 index down 0.5%, and the Dow Jones up 0.2%. Stephen Schwartz, founding partner of Vanguard Financial, stated that Powell’s speech on Friday could become a turning point for the market, with expectations of signaling a possible interest rate cut in September.
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U.S. stocks opened lower, with Home Depot's earnings report and the Jackson Hole meeting in focus.
According to ChainCatcher news and Jin10 reports, the US stock market opened lower on Tuesday, with Home Depot’s earnings report kicking off a series of key retail company performances. Investors are also following the Central Bank annual meeting held this week to assess the interest rate path. The S&P 500 index opened down 0.1%, the Nasdaq 100 index down 0.5%, and the Dow Jones up 0.2%. Stephen Schwartz, founding partner of Vanguard Financial, stated that Powell’s speech on Friday could become a turning point for the market, with expectations of signaling a possible interest rate cut in September.