Wall Street Braces for Fed’s Jackson Hole Meeting as Yields Remain Stagnant

Wall Street ended the week on a mixed note as investors awaited further insight on interest rates from the Federal Reserve. The Dow Jones Industrial Average closed up 0.08% while the S&P 500 dropped 0.01% and the Nasdaq Composite dipped 0.2%. Global shares were also stuck around two-month lows, with the MSCI world equity index down 0.24%. Treasury yields stabilized after a recent surge, with the benchmark 10-year U.S. Treasuries stepping back from reaching 16-year highs earlier in the week. Meanwhile, the U.S. dollar posted its fifth consecutive week of gains, its longest winning streak in 15 months.