Overview
Today, the U.S. stock market ended with mixed results. Investors are keeping a close watch on several key events, including the Ukrainian settlement agreement, major retailers' earnings reports, and the upcoming Jackson Symposium.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
A Major News Story
President Trump proposed a trilateral meeting including Russia during his meeting with President Zelensky and European leaders. The S&P 500 showed a downtrend after reaching record highs. Reports from Bloomberg about the Trump administration considering a 10% stake in Intel led to a decline in Intel's stock, while the acquisition rumors spurred Dayforce to surge by 26%. Solar energy company First Solar saw an 11% increase following new U.S. Treasury tax benefits, and the 10-year bond yield slightly rose to 4.34%.
Tomorrow's Economic Indicators
| Time (ET) | Economic Indicator |
|---|---|
| 8:30 PM | U.S. July Housing Starts |
| 8:30 PM | U.S. July Building Permits |
| 8:55 PM | Johnson Redbook Retail Sales Index |
General Opinion
Investors await key retailers such as Walmart and Target's earnings to gauge the impact of Trump's tariff policies on U.S. consumers. The focus this week will be on the Jackson Symposium, particularly Federal Reserve Chair Powell's speech regarding potential changes in monetary policy. With expectations of a September rate cut, financial markets are paying close attention to economic indicators and policy directions from the Trump administration.
