Stocks Extend Slide
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The Nasdaq and S&P 500 slid on Tuesday driven by tech stocks, as investors gear up for what Federal Reserve chair Jerome Powell will say about the path of interest rates at a key conference later in the week.
The stock market is heading into a catalyst-filled week as Fed Chair Jerome Powell gets ready to speak at Jackson Hole and big retailers report earnings.
The Dow, S&P 500, and Nasdaq are falling as the stock market looks ahead to the Federal Reserve's Jackson Hole Symposium.
JPMorgan expects potential asset rotation to inject as much as US$1.9 trillion of liquidity into the onshore market.
Stocks start the week just shy of record highs, underpinned by a well-received corporate earnings season and hopes the Federal Reserve will soon start reducing official borrowing costs again. Investors are therefore keen that Friday’s keynote address by Fed Chair Jerome Powell at the Jackson Hole symposium will be suitably dovish.
The Nifty could test 25150 and move beyond toward the recent swing high of 25670. Immediate support lies at 24850 (last two sessions’ low), while 24700 remains a strong support, sad experts
Liquidity constraints pose a significant challenge for BTC bulls looking to engineer a steep uptrend well into the year-end.