Dow hits record high
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Stock Market Today: Dow Leads Losses
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The Dow logged its first record close of the year and bond yields fell after Federal Reserve Chair Jerome Powell struck an upbeat tone on a September interest-rate cut.
If the S&P 500 breaks below 6,200, that's a sign the stock market may be headed for a more serious decline, Bank of America said.
Wall Street ended higher on Friday with the Dow closing at a record high after investors welcomed Federal Reserve Chair Jerome Powell’s remarks at Jackson Hole.
Oracle Corp. closed 9.39% below its 52-week high of $260.87, which the company reached on July 31st.
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Investor's Business Daily on MSNStock Market Today: Dow Sinks As S&P 500 Extends Losing Streak; Palantir, Nvidia Make Opposite Moves (Live Coverage)
The major indexes close the day with losses on Thursday after wavering earlier in the session. Palantir stock adds suspense.
This week's set-piece event is the Jackson Hole central-bank gathering in Wyoming, slated for Thursday through Saturday. Investors will tune into Federal Reserve Chair Jerome Powell's speech for any hints on whether the central bank might kick off interest-rate cuts in September.
Follow all the latest U.S. market action for Thursday here to see if stocks can shrug off their latest rotation-based wobble as investors eye Walmart earnings and continue to eye Fed Chair Powell's speech on Friday.