Dow soars 800 points and hits record high
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Jackson Hole jitters, Walmart drive Wall Street
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Wall Street is holding relatively steady ahead of a highly anticipated speech about where U.S. interest rates may be heading.
Wall Street fell to a fifth straight loss on Thursday, hurt by a drop for Walmart and dampened hopes for coming cuts to interest rates.
Dow ETFs vary widely, giving investors choices between stability, income generation or leverage keyed to the index.
The heaviest weight on the market was Nvidia, whose chips are powering much of the move into AI. It sank 3.5%.
The day’s action again centered around stocks caught up in the mania around artificial-intelligence technology.
Wall Street shares dropped on Wednesday, with a tech selloff extending into a second day, while a key meeting of central bankers later this week remained in focus for currency and rates traders.
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Investor's Business Daily on MSNDow Jones Futures Await Fed Chief Powell's Speech; AppLovin, Palantir Extend Bounce
The market indexes and leading stocks are at a key juncture heading into Fed chief Jerome Powell's Jackson Hole speech Friday morning. Be prepared.