Market Highlights

Stocks rebounded from session lows after a week-long tech selloff, in the latest sign of febrile Wall Street trading ahead of Jerome Powell’s Jackson Hole speech. Following a rout that shed billions of dollars from US equity values, buyers emerged in the last stretch of Wall Street trading. A renewed slide in big tech and signs inflation remains the predominant concern of Federal Reserve officials weighed on trading Wednesday. Asian technology stocks edged higher after dip buyers steadied the Nasdaq 100 index late in US trading, while markets tread cautiously ahead of the Federal Reserve’s Jackson Hole meeting.

Global stocks paused after a record-breaking run, with a sharp selloff in heavyweight technology shares dragging markets lower and futures indicating further losses. Contracts for the Nasdaq 100 index declined 0.5% after the gauge slumped due to stock rotation and posted its second-worst drop since April’s tariff shock. Futures for the S&P 500 retreated 0.3% and those for European stocks fell 0.6%. Asian shares tumbled 0.8% with technology firmssuch as Taiwan Semiconductor Manufacturing Co. and SoftBank Corp. leading. Treasuries slipped, pushing the yield on the 10-year higher by one basis point to 4.32%. Oil rose 0.6%, recouping some losses from the prior session. A gauge of the dollar extended its gains to a third day. The New Zealand dollar weakened and bonds rallied after the central bank lowered rates by 25 basis points and suggested there was scope for more cuts.

Wall Street saw a quiet start to a key Federal Reserve week, with geopolitics coming into play as President Donald Trump said he hopes to set a trilateral meeting with Russia and Ukraine as the White House welcomed Volodymyr Zelenskiy to discuss a potential peace deal. Following a series of all-time highs for the S&P 500, the gauge wavered. The Trump administration was said to be in discussions to take a stake of about 10% in Intel Corp. Traders will get a close look at how American consumers were faring in the early days of Trump’s tariff regime when retail giants like Walmart Inc. and Target Corp. report earnings this week. Financial markets traded in a narrow range, with global equities holding near record highs, after Donald Trump’s meeting with Ukraine’s president and European leaders ended with a call for a summit with Russia.

Pacific Investment Management Co. is warning that the Trump administration’s plan to sell shares in Fannie Mae and Freddie Mac could drive up the mortgage rates that Americans pay. “Don’t fixwhat is not broken,” Libby Cantrill, Pimco’s head of public policy, wrote in a note to clients earlier this week. She said that unless the sale can be orchestrated in a way that preserves the government’s commitment to financiallysupport the institutions, investor demand may cool for the mortgage-backed securities that they sell. And this, Cantrill said, would in turn make home loans more expensive for millions of people US and European stock futures advanced in the run up to Donald Trump’s talks with Ukrainian President Volodymyr Zelenskiy, after a summit with Russia concluded without escalating geopolitical tensions.

The blistering run in stocks hit a wall as a pick-up in inflation lifted bond yields alongside the dollar, with traders paring bets the Federal Reserve will cut interest rates next month. After a 30% surge from its April lows, the S&P 500 barely budged. While the move was mild amid gains in most big techs, over 350 shares fell. Intel Corp. jumped as the US was said to discuss taking a stake in the chipmaker. In late hours, Applied Materials Inc. gave a downbeat forecast. European stocks rose alongside most global equity markets, amid guarded hopes that Friday’s US-Russia summit could be an initial step toward brokering a peace deal in Ukraine and thawing relations.

Wall Street traders kept piling into bets that the Federal Reserve will soon be able to cut interest rates, with stocks hitting all-time highs and Treasury yields falling alongside the dollar. Just a day after a report showed benign inflation data, traders fully priced in a quarter-point Fed reduction in September, with some wagers pointing to a jumbo-sized move. Market expectations for policy easing also gained fuel after Treasury Secretary Scott Bessent’s remarks that “we could go into a series of rate cuts here, starting with a 50 basis-point rate cut in September.” US stocks were set to pause their advance as investors awaited a fresh round of economic data for clues on how aggressively the Federal Reserve might cut interest rates, an outlook that has fueled a dayslong risk-on rally.

Calm prevailed across Wall Street as an in-line inflation reading bolstered speculation the Federal Reserve will have room to cut rates in September, driving stocks higher and short-dated bond yields lower. All major US equity indexes climbed more than 1%, with the S&P 500 and the Nasdaq 100 hitting all- time highs. The Russell 2000 of smaller firmsjumped 3%. While an initial rally in Treasuries faded, money markets priced in an about 90% chance of a Fed reduction next month. Two-year yields, more sensitive to imminent policy moves, slid four basis points to 3.73%. The dollar fell Stocks climbed to a record as an in-line US inflation reading eased price concerns and bolstered bets on a Federal Reserve interest-rate cut in September.

Wall Street refrained from making big bets ahead of a key inflation report, with stocks losing steam after climbing to the brink of all-time highs. Treasuries fluctuated.The dollar rose. With the earnings season almost done, investors are turning to economic data for clues on whether the Federal Reserve will be able cut rates in September. Markets barely budged after reports President Donald Trump extended a pause of tariffs on Chinese goods for another 90 days. The S&P 500 remained below 6,400. Apple Inc. slid after its best week since 2020. Intel Corp. climbed as its chief was expected to meet with Trump. Stocks advanced as investor optimism grew after President Donald Trump signaled a willingness to let US companies resume some chip sales to China and extended a trade truce with Beijing.

Stocks saw their best week since June, with a rally in big tech driving the Nasdaq 100 to all-time highs. Also buoying sentiment were hopes the US and Russia will reach a deal to halt the war in Ukraine. Gold whipsawed. The S&P 500 approached 6,400, closing on the brink of a record. Apple Inc. saw its best week since 2020 amid optimism that plans to spend an additional $100 billion on domestic manufacturing may help the company avoid tariffs. Fannie Mae and Freddie Mac soared on reports the US is preparing to sell shares in an offerring that could start as early as this year Stocks and equity-index futures rose while oil declined on speculation a meeting between US and Russian leaders will increase the chances of ending the war in Ukraine and boost crude supply.

Wall Street halted a rally that drove stocks to the brink of a record amid concerns about an overheated market. Treasuries lost steam as a weak sale of 30-year debt signaled waning appetite after a bond surge. Following an almost 30% advance from its April lows, the S&P 500 closed little changed. A gauge of chipmakers jumped, but Intel Corp. slipped 3% as President Donald Trump called on its chief to resign, citing conflicts of interest. Eli Lilly & Co. tumbled 14% after disappointing data on its new weight-loss pill. Apple Inc. extended a two-day gain to about 8.5%. Gold futures surged while European stocks and US futures treaded water at the end of a week in which markets were buffeted by tariffs, geopolitical developments and corporate earnings.