US open: Stocks edge lower as investors look ahead to Jackson Hole.


Major indices headed south early on Monday after increased hopes of a rate cut from the Federal Reserve buoyed sentiment last week.

Source: Sharecast

As of 1445 BST, the Dow Jones Industrial Average was 0.05% lower at 44,921.92, while the S&P 500 and Nasdaq Composite both shed 0.05% to 6,444.74 and 21,606.37, respectively.

The Dow opened 24.20 points lower on Monday, giving back most of the modest gains recorded in the previous session.

The Federal Reserve will remain in focus this week, with policymakers set to head to Jackson Hole for the annual economic symposium. Investors will be watching closely for any signals on the future direction of interest rates. Futures markets now appear to be pricing in an almost 85% chance of a rate cut at the central bank's September meeting.

Also drawing an amount of investor attention at the open was news that Donald Trump's meeting with Vladimir Putin had ended without an agreement that ends its war with Ukraine, with the US president now entering discussions with Ukrainian president Volodymyr Zelenskyy with a plan that will unlikely be received well.

Zelenskyy has already said the Ukrainian constitution makes the idea of giving up land to Russia "impossible", something Moscow seeks to do, while another part of the deal lies in NATO membership, with Trump claiming that he can end the war almost immediately if Ukraine vows to give up aspirations on joining the group.

On the macro front, the National Association of House Builders' August housing market index will be published at 1500 BST.

No major corporate earnings were slated for release on Monday, but big-box retailers, Home Depot, Lowe's, Walmart and Target will all release their latest quarterly figures before the end of the week.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Unitedhealth Group Inc. (UNH) $304.01 11.98%
Intel Corp. (INTC) $24.56 11.07%
Salesforce.Com Inc. (CRM) $242.44 3.89%
Amgen Inc. (AMGN) $296.47 2.81%
Merck & Co. Inc. (MRK) $84.21 1.75%
Verizon Communications Inc. (VZ) $44.24 1.70%
International Business Machines Corporation (CDI) (IBM) $239.75 1.10%
Johnson & Johnson (JNJ) $176.64 1.10%
Chevron Corp. (CVX) $156.55 0.90%
Boeing Co. (BA) $235.33 0.89%

Dow Jones - Fallers

Cisco Systems Inc. (CSCO) $66.20 -5.10%
3M Co. (MMM) $152.27 -2.72%
Caterpillar Inc. (CAT) $407.79 -2.33%
Goldman Sachs Group Inc. (GS) $730.72 -2.21%
JP Morgan Chase & Co. (JPM) $290.53 -1.25%
Travelers Company Inc. (TRV) $265.67 -1.12%
Apple Inc. (AAPL) $231.59 -0.92%
Walmart Inc. (WMT) $100.00 -0.84%
Walt Disney Co. (DIS) $115.39 -0.79%
American Express Co. (AXP) $305.49 -0.73%

S&P 500 - Risers

Unitedhealth Group Inc. (UNH) $304.01 11.98%
Intel Corp. (INTC) $24.56 11.07%
Nektar Therapeutics (NKTR) $27.26 6.90%
Sealed Air Corp. (SEE) $31.58 5.83%
Centene Corp. (CNC) $28.49 5.79%
Tapestry Inc. (TPR) $100.74 5.28%
Under Armour, Inc. (UA) $5.01 5.25%
Under Armour Inc. Class A (UAA) $5.18 5.08%
Elevance Health Inc. (ELV) $309.57 4.79%
NextEra Energy Inc. (NEE) $75.41 4.39%

S&P 500 - Fallers

Applied Materials Inc. (AMAT) $161.76 -13.85%
KLA-Tencor Corp. (KLAC) $874.94 -6.60%
Lam Research Corp. (LRCX) $99.51 -6.45%
Cisco Systems Inc. (CSCO) $66.20 -5.10%
Kohls Corp. (KSS) $13.77 -4.77%
Cintas Corp. (CTAS) $216.55 -4.05%
TripAdvisor Inc. (TRIP) $17.62 -3.64%
Helmerich & Payne Inc. (HP) $17.67 -3.60%
NRG Energy Inc. (NRG) $148.44 -3.36%
Electronic Arts Inc. (EA) $174.67 -3.32%

Nasdaq 100 - Risers

Intel Corp. (INTC) $24.56 11.07%
Qvc Group Inc Series A (QVCGA) $4.17 8.03%
Biogen Inc (BIIB) $138.60 4.25%
Regeneron Pharmaceuticals Inc. (REGN) $580.41 3.25%
Amgen Inc. (AMGN) $296.47 2.81%
Mercadolibre Inc. (MELI) $2,392.30 2.78%
Skyworks Solutions Inc. (SWKS) $74.52 2.73%
Sirius XM Holdings Inc (SIRI) $23.03 2.72%
American Airlines Group (AAL) $13.17 2.45%
DENTSPLY Sirona Inc. (XRAY) $13.85 2.44%

Nasdaq 100 - Fallers

Applied Materials Inc. (AMAT) $161.76 -13.85%
KLA-Tencor Corp. (KLAC) $874.94 -6.60%
Lam Research Corp. (LRCX) $99.51 -6.45%
Cisco Systems Inc. (CSCO) $66.20 -5.10%
Cintas Corp. (CTAS) $216.55 -4.05%
Electronic Arts Inc. (EA) $174.67 -3.32%
JD.com, Inc. (JD) $31.70 -2.85%
Starbucks Corp. (SBUX) $90.60 -2.39%
Tesla Inc (TSLA) $330.56 -1.90%
Idexx Laboratories Inc. (IDXX) $650.84 -1.53%

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