Wall Street: Reactions to quarterly figures, Warsh speech in Jackson Hole
After the quarterly figures, the focus will be on a speech by US Federal Reserve Chairman Kevin Warsh. In addition, the situation in Iran continues to cause uncertainty.
US stocks start cautiously after a strong tech rally, with focus on Federal Reserve Chair Jerome Powell's speech in Jackson Hole. Recent inflation data and potential interest rate moves are key concerns. Meanwhile, tensions around Iran persist, with diplomatic efforts stalled, but the Strait of Hormuz is now clear of mines according to the US Central Command. Several companies, including Marvell, Affirm, Ulta Beauty, Autodesk, Workday, and PayPal, have reported quarterly results with mixed reactions.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
