Major stock indexes (^DJI, ^GSPC, ^IXIC) are holding onto last week’s gains ahead of Federal Reserve Chairman Jerome Powell’s remarks in Jackson Hole later this week. Investors are watching for signs that could signal a path for future rate cuts, with some bracing for further market volatility if Powell doesn’t deliver as expected. Meanwhile, the AI race is heating up with Advanced Micro Devices (AMD) shares rising following the company’s plans to acquire hyperscale solutions provider ZT Systems for $4.9 billion. The Democratic National Convention officially opens this evening with President Biden set to speak and hand the baton to Vice President Kamala Harris as the Democratic nominee. Other stocks trending on Yahoo Finance include ZIM Integrated Shipping Services (ZIM), SoFi Technologies (SOFI) and AbbVie (ABBV).
The featured guests are:
3:00 PM ET – Quincy Krosby, Chief Global Strategist, LPL Financial
3:30 PM ET – Bill Davis, Portfolio Manager, Hennessy Stance ESG ETFs
4:00 PM ET – Mark Malek, Chief Investment Officer, Siebert
4:30 PM ET – Naveen Jaggi, President, Americas Retail, JLL