Dow Jones, S&P 500, Nasdaq: US-Börsen liegen uneinheitlich – doch die August-Bilanz ist positiv

Investors in the United States begin the new trading week with a cautious mood. The key US stock indexes, including the Dow Jones, S&P 500, and Nasdaq, show little movement during trading. The Dow Jones drops 0.6% to 53,244 points, while the broader S&P 500 slips 0.3% to 7,690 counts. The technology-focused Nasdaq barely moves, holding steady at 26,391 points.

All three indices are expected to end the month of August slightly positively. The Dow Jones is on track for its fifth consecutive monthly gain, while the S&P 500 and Nasdaq have not seen a rise since May. On the opening day of the week, there are few stock-related events scheduled. Instead, recent remarks by Kevin Warsh continue to reverberate.

Warsh's much-anticipated speech at the Federal Reserve's Jackson Hole meeting on Friday afternoon was interpreted by the markets as a signal for further interest rate hikes. Warsh reiterated his commitment to price stability and stated that the Fed has much work ahead should inflation not move quickly enough towards the 2% target.

Moritz Kraemer, the chief economist at Landesbank LBBW, called Warsh's speech "extremely hawkish." In financial jargon, those advocating for a strict monetary policy are known as "hawks."