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

Investors in the United States started the new trading week with a tempered mood. The major indexes on Wall Street continued to trade in the red. The Dow Jones industrial average fell 0.6 percent to 53,222 points. The S&P 500, a broader index, dropped 0.4 percent to 7,680. The tech-heavy Nasdaq also fell 0.4 percent, ending at 26,310 points.

The Nasdaq 100, a snapshot of the 100 largest non-financial companies by market capitalization, showed little change. Analysts expect the August trading month to end slightly positively. The Dow Jones is on track for its fifth consecutive monthly gain, while the S&P 500 and Nasdaq would be the first to post a positive month since May.

There are few stock-related events scheduled for the start of the week. Instead, the recent remarks by Kevin Warsh have been making waves. Warsh, the prominent US Federal Reserve official, reiterated his commitment to price stability during a speech at the Jackson Hole banking conference on Friday afternoon. The Fed's chief reaffirmed the need for further interest rate hikes should inflation not move quickly enough toward the two percent target.

Moritz Kraemer, chief economist at the Landesbank LBBW, described Warsh's speech as "profoundly hawkish." In financial jargon, those who advocate for strict monetary policies are known as "hawks."