Tonight's New York market is expected to be dominated by range-bound trading compared with the previous day, with major U.S. economic indicators due for release in focus. The release schedule includes the August consumer confidence index.
In the previous day's New York stock market, the Dow rose $140.15, or 0.26%, while the Nasdaq Composite fell 0.76%, as selling in semiconductor stocks and President Trump’s announcement of additional tariffs on Canadian products weighed on markets.
Investors' attention is shifting to Nvidia's earnings release, remarks by Federal Reserve officials at the Jackson Hole meeting and the release of the U.S. PCE price index. Views suggest that a wait-and-see stance will strengthen ahead of these major events.
Tonight's New York market is expected to trade in a range based on the results of major U.S. economic indicators. The main focus will be the August consumer confidence index, due at 11 p.m., with the key question being whether it shows a slowdown from the previous month or resilience in consumer spending. July new home sales and housing price indicators are also due for release, and their impact on interest-rate trends will be closely watched.
As for corporate events, Nvidia earnings are scheduled for the 27th and a speech by Fed Chair Warsh on the 29th. Intuit earnings are also expected to be released overnight tonight.