US stocks: Wall Street ends flat after meeting of Trump-Zelensky, moving investors focus on the Jackson Hole of US Fed

US Shares: The benchmark indices on Wall Street broke down after the trade session of Monday at the background of Trump-Zelensky’s meeting on a possible peace agreement and an upcoming ‘three-party’ meeting. US market investors are now shifting their focus to signs on the state of the economy and the annual Jackson Hole of the US Federal Reserve. According to provisional data, the S&P 500 lost 0.01% to finish at 6.449.24 points, while the NASDAQ composition closed 0.03% to 21,629.77 points, and the industrial average of Dow Jones dropped 0.08% to close at 44,911.51 points. Walmart, Home Depot and Target, among others, will report results this week and are likely to indicate how trade uncertainty and inflation expectations have affected US consumers. Markets also hope that Fed’s Jackson Hole, Wyoming, the conference between August 21 and 23, where Fed Jerome Powell chairman is expected to speak, can provide more clarity on the economic outlook and policy framework of the central bank. “It’s a quiet day, with investors ready for things to come,” says Jed Ellerbroek, portfolio manager at Argent Capital. “The most important event is Powell’s speech because we expect updated thoughts on how the Fed sees this economic environment where inflation is at a fairly high level, while unemployment seems to have an increasing trend.” Data showed on Friday that although retail sales were broadly increasing as expected, consumer sentiment generally received a hit from the increasing inflation fear. On Monday, the National Association of Home Builders/Wells Fargo Housing Market Index Fell to the Lowest Reading Since December 2022. Wall St. To Geopolitics Wall Street’s Main Indexes Rallide Over the Past Two Weeks, with the Blue-Chip Dow Hitting an Intraday Record High on Friday, Aided by Interest Rate Cut Expectations and A Better-Than-Expected Earnings Season Despite An Unc. On the geopolitical front, US President Donald Trump and Ukrainian President Volodymyr Zelenskiy met to discuss the future of the war in Ukraine, days after Trump’s summit with Russian President Vladimir Putin, which produced no concrete result. Trump said he would call Putin and that the three leaders could hold a meeting. Investors are still praising a 25-basis point cut by the Federal Reserve next month, although they have reduced their expectations for another rate reduction this year, according to the data set up by LSEG. Recent data has also suggested that although US rates have not yet filtered in head prices, but the weakness in the job market can take the central bank to take a more money. Intel shares fell after a Bloomberg report said the Trump administration was talking to take a 10% stake in the chipmaker. DayForce jumped after a report: Private equity firm Thoma Bravo was in talks to obtain the software firm for human resources. Solar power shares, including Sunrun and First Solar obtained after the US Treasury division unveiled new federal tax subsidy rules for solar and wind projects, which were less strict than investors feared. (With agency input of Reuters)