Dow Jones, S&P 500, Nasdaq: Vor Bessents Auftritt am Abend: Wenig Bewegung an den US-Börsen

Investors in the United States cautiously begin the new stock week, with major indices showing nearly unchanged levels in early trading on Monday. The Dow Jones Industrial Average, representing blue-chip stocks, remains steady at 53,347 points, the same as the previous Friday. The broader S&P 500 index experiences minimal losses, settling at 7,651 points.

The technology-heavy Nasdaq experiences a 0.6% decline, falling to 26,000 points. The narrower Nasdaq 100 index drops by 1%. In the previous trading week, high bond yields caused uncertainty for investors. On Monday, these concerns ease slightly but remain near recent multi-year highs. The focus shifts to US Treasury Secretary Scott Bessent, who will provide details on new sanctions against Iran during a press conference at 8 PM (German time).

The US recently announced the "harshest sanctions in history" against Iran. The markets will closely watch his remarks. The rest of the term schedule is light on Monday, with few relevant events scheduled in the coming days. On Tuesday, lower-tier economic indicators are released, followed by the new Personal Consumption Expenditures (PCE) index on Wednesday.

The PCE index is considered the Fed's preferred measure of inflation. On Wednesday, after the stock market closes, Nvidia's quarterly earnings report and the annual Federal Reserve meeting in Jackson Hole, which begins on Thursday, are other significant events for the markets. Kevin Warsh's testimony on Friday is particularly noteworthy, as he is one of the few public appearances by the current Fed Chair since May.

The Jackson Hole symposium, held annually in Wyoming by the Federal Reserve's Kansas City district, often serves as a platform for Fed officials to provide insights into monetary policy. Warsh stated that he intends to use the "highlights of Jackson, Wyoming" to address major questions during the upcoming symposium.