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On Tuesday, August 20th, U.S. stock markets closed lower, with the S&P 500, Nasdaq, and Dow all experiencing modest declines, breaking an eight-day winning streak. This downturn comes as investors take a cautious pause ahead of the Jackson Hole Economic Symposium, where global central bank representatives will convene.
Among the 11 major sectors within the S&P 500, energy stocks experienced the steepest decline, while consumer staples were the top performers, gaining 0.5%.
Eli Lilly’s (NYSE:LLY) shares rose 3.1% after its weight-loss drug Zepbound significantly reduced Type 2 diabetes risk. Palo Alto Networks (NASDAQ:PANW) jumped 7.2% on strong fiscal 2025 forecasts, while Boeing fell 4.2% following an FAA directive for its 787 Dreamliner.
The Dow Jones Industrial Average was down 0.15% and closed at 40,834.97. The S&P 500 ended the day lower by 0.20% at 5,597.12, and the Nasdaq Composite fell 0.33%, finishing the session at 17,816.94.
Asian Markets Today
Eurozone at 06:15 AM ET
Commodities at 06:15 AM ET
US Futures at 06:15 AM ET
Dow futures were up 0.07%, S&P 500 futures gained 0.08%, and Nasdaq 100 Futures rose 0.05%.
Forex at 06:15 AM ET
The U.S. dollar index gained 0.08% to 101.52, the USD/JPY rose 0.58% to 146.07, and the USD/AUD rose 0.16% to 1.4844.
Photo by Pavel Bobrovskiy via Shutterstock
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