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U.S. stocks opened steady, with the market following the Central Bank annual meeting and the wave of retail earnings reports.
According to ChainCatcher news and reports from Jin10, the US stock market opened steady on Monday, with the market focusing on the White House meeting regarding the Russia-Ukraine conflict, while traders prepare for the upcoming retail earnings reports and the Jackson Hole annual meeting this week. The three major US stock indexes opened with slight fluctuations between rises and falls. Corpay’s chief market strategist, Karl Schamotta, stated that the market firmly believes the Fed will cut interest rates in September, but the data released over the past two weeks has not provided solid evidence for easing.