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Dow Retreats Amid Walmart Earnings Miss as Investors Eye Fed Symposium
Dow Retreats Amid Walmart Earnings Miss as Investors Eye Fed Symposium
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BTCCSquare news:
The Dow Jones Industrial Average fell 200 points at Thursday's open, dragging the S&P 500 and Nasdaq Composite down 0.3% each. Walmart's earnings miss triggered the pullback, though the retail giant raised its full-year guidance. Market sentiment remains fragile after a sharp tech sell-off erased tens of billions in market value, with Palantir Technologies still down 17% from its August peak.
Investors are now pivoting to the Federal Reserve's Jackson Hole symposium for clues on monetary policy. The retreat in risk assets reflects growing caution as bearish momentum builds across equities. Short sellers have gained rare traction since May's rally, capitalizing on the tech sector's volatility.
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