NASDAQ will surpass NYSE in the first half of 2025
NASDAQ outperformed NYSE in the first half of 2025, raising $21.3 billion through IPOs compared to NYSE’s $8.7 billion.
Cheddar
U.S. stock futures have been low after last week’s earnings against rising expectations for Federal Reserve cuts in September.
With that in mind, investors will focus on what Fed Chairman Jerome Powell over the weekend at the annual Jackson Hole Economic Symposium for global central bankers and finance directors. They’ll be looking for tips waiting for Powell to see the impact of the tariffs before cutting the fees again.
“As far as Powell talks about the outlook for next week’s policy, he sees soft July job reports point to a part of the employment risk balance,” wrote Michael Ferroli, chief US economist at JP Morgan. “However, as some Fed speakers have said they have not had a case of cutting recently, Powell doesn’t think that with more employment data going forward, Powell will be able to ease the mitigation at the next meeting.”
The CME FedWatch tool, which tracks the odds market, gives rate movements at each Fed policy meeting. Since then, chances have returned to nearly 85% chances.
Before Powell’s speech, investors can get a glimpse at the last Fed meeting mid-week. Federal governments Christopher Waller and Michelle Bowman voted against the central bank’s decision to maintain fees between 4.25% and 4.50% last month. It was the first time since 1993 that two governors had opposed it.
At 6:45am ET, futures tied to the Blue Chip Dow slipped -0.12%, while Broad S&P 500 futures fell 0.13%, with Tech-heavy Nasdaq futures losing -0.13%.
Huge retail revenues are paid
Discount Giants’ Walmart and Target, as well as Home Depot and Lowes, home improvement chains, are among the leading retailers scheduled to report revenue this week. How the retail chain operates can provide a window into tariff effects and consumer health.
Of the more than 92% of S&P 500 companies already reporting the quarter, almost 82% surpassed Wall Street expectations, according to Factset.
Cryptocurrency
MicroStrategy Executive Chairman Michael Saylor posted on the Social Media A Chart on August 17, suggesting that the company could purchase more Bitcoin to add to its finances.
Medora Lee is a money, market and personal finance reporter for USA Today. You can contact her at mjlee@usatoday.com and subscribe to our free daily money newsletter for personal finance tips and business news every Monday to Friday morning.
