The Dow snapped a three-day winning streak and finished 173 points lower
The drop follows a week and a half of turbulent trading. The Dow closed 0.7% lower, while the S&P 500 fell 0.8% and the Nasdaq Composite declined 0.7%.With news about trade wars, recessions and economic stimulus abating for the time being, investors are now waiting for Federal Reserve Chairman Jerome Powell's speech at Jackson Hole on Friday to see if he can help boost the market again.
The minutes of the July Fed meeting, where the central bank cut rates by a quarter percentage point for the first time since 2008, come out on Wednesday.With all this waiting in the wings, demand for safer assets will likely remain high.The 10-year US Treasury yield once again fell Tuesday, reversing Monday's rally, and is sitting around 1.5%.
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