Markets look to Fed Chair Warsh at Jackson Hole for policy cues
Morning tape was mixed: Nasdaq futures led after Nvidia’s strong earnings, Treasury yields were flat, gold and copper edged lower. WTI extended a technical bounce amid geopolitical pressure on Russian supply.
Bob Iaccino reviews the morning's market moves, highlighting a mixed equities picture as Nasdaq futures lead following a strong earnings report from Nvidia.
He covers the flat Treasury yields across the belly of the curve, alongside slight dips in gold and copper.
In the energy sector, WTI crude oil extends a technical bounce amid geopolitical tensions that are impacting Russian supply.
Looking ahead, the market anticipates Friday's pivotal Jackson Hole address from Fed Chair Kevin Warsh for clues on monetary policy, while also digesting a $44 billion Treasury auction, ongoing corporate earnings and key economic data including Tokyo CPI and U.S. consumer sentiment.