Stock Market Today: Dow Sinks
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Wall Street cheered remarks from Federal Reserve Chair Jerome Powell in Jackson Hole opening the door to a rate cut in September.
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Investor's Business Daily on MSNStock Market Today: Dow Jones Index Dips Ahead Of Big Powell Speech; Amazon, Meta Drop (Live Coverage)
The Dow Jones index dropped ahead of Friday's speech from Fed Chair Jerome Powell. Amazon and Meta stock fell Monday.
The Dow Jones Industrial Average was on track for its first record close since December on Friday after Federal Reserve Chair Jerome Powell opened the door to a September rate cut, sparking a broad stock-market rally.