Reported about 2 months ago
US stocks fluctuated on Thursday as investors considered the potential depth of interest rate cuts by the Federal Reserve, with the S&P 500 and Nasdaq both experiencing minor losses despite hopes for lower rates following the Fed's recent meeting. Prior to a pivotal speech by Chair Jerome Powell at the Jackson Hole symposium, economic data such as rising jobless claims added to the market's cautious sentiment. Meanwhile, corporate developments saw shares of Paramount rise amid a takeover bid, while Snowflake's stock declined due to disappointing sales outlooks.
Source: YAHOO