[Breaking] New York Stock Market Closes Lower Ahead of Powell's Speech... Nasdaq Down 1.87%
The three major indices of the U.S. New York Stock Exchange all closed lower on the 24th (local time) as they awaited the economic outlook speech by Federal Reserve Chairman Jerome Powell scheduled for the following day at the economic symposium 'Jackson Hole Meeting.'
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On this day, the Dow Jones Industrial Average closed down 1.09% compared to the previous session. The S&P 500, centered on large-cap stocks, fell 1.35%, and the tech-focused Nasdaq index dropped 1.87% to close the session.
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