The Business Times
business-time-50

US: S&P 500, Nasdaq slip ahead of Powell's speech

Published Fri, Aug 26, 2022 · 09:44 PM
    • The S&P 500 opened lower by 0.38 points at 4,198.74, while the Nasdaq Composite dropped 8.69 points to 12,630.58.
    • The S&P 500 opened lower by 0.38 points at 4,198.74, while the Nasdaq Composite dropped 8.69 points to 12,630.58. photo: REUTERS

    THE S&P 500 and the Nasdaq opened lower on Friday (Aug 26) as investors worried about hawkish signals from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium.

    The S&P 500 opened lower by 0.38 points, or 0.01 per cent, at 4,198.74, while the Nasdaq Composite dropped 8.69 points, or 0.07 per cent, to 12,630.58 at the opening bell.

    The Dow Jones Industrial Average rose 1.65 points at the open to 33,293.43. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Dow JonesNasdaqS&P 500

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    From shy teenager to outspoken philanthropist, Chloe Tong has come a long way.

    Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose

    HDB said the listed price of S$2.18 million for the flat at 93B Telok Blangah Street 31 was “significantly higher” than comparable transactions in the area.

    HDB reviewing ‘jumbo’ flat scheme after Telok Blangah unit listed for sale at S$2.18m

    From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

    He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

    The judge also rejected Radiant World’s argument that a claim against Glencore for about US$2 billion should be regarded as a “realisable asset”.

    Singapore judge raises doubts iron ore trader Radiant World is owed US$1 billion

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More