S&P 500 Extends Losing Streak Ahead of Powell Speech
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The S&P 500 closed lower for a fifth consecutive day, though it is down only 1.5% over that period. The broad-based index shed 0.4%, while the Dow Jones Industrial Average and Nasdaq Composite Index both fell 0.3%.
Stocks remained lower ahead of midday, with the S&P 500 off 0.1% and on track to extend its losing streak to five straight sessions. If the index ends with a loss Thursday, the five-day streak would be the longest since a five-day string of losses that ended on Jan.
The Nasdaq and S&P 500 fell on Wednesday as investors sold tech stocks and moved into less highly valued sectors, as they also awaited remarks from Federal Reserve officials at their Jackson Hole symposium this week.
Stock futures are pointing to a lower open for major indexes on Thursday as investors prepare for tomorrow's highly anticipated speech from Federal Reserve Chair Jerome Powell.
The S&P 500 notched three new record highs this week, but the rally fell short on Friday. Click here to read more.
The S&P 500 trades at an expensive valuation that has historically preceded negative returns over the next one, two, and three years.
The S&P 500 slid 0.4% on Thursday, Aug. 21, 2025, as investors looked ahead to key remarks from Federal Reserve Chair Jerome Powell Friday.
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Walmart Inc. is among the S&P 500 index’s biggest decliners Thursday after the discount-retail giant reported second-quarter profits that missed Wall Street expectations. However, the Bentonville, Ark.
The Vanguard S&P 500 ETF is hovering around an all-time high at the time of this writing -- up 8.5% year to date and a whopping 66.4% since the start of 2023. But S&P 500 earnings haven't grown nearly as fast, which has pushed up the valuation of the index.