Investors Pause as Wall Street Awaits Fed at Jackson Hole

Wall Street ends mixed as investors await Federal Reserve insight

Wall Street closed the week with a mixed performance as investors awaited further guidance from the Federal Reserve regarding its interest rate policy. The Dow Jones Industrial Average ended up 0.08%, the S&P 500 dropped 0.01%, and the Nasdaq Composite dipped 0.2%. The global equity market also remained subdued, with the MSCI world equity index down 0.24%. Meanwhile, U.S. Treasury yields stabilized after a recent surge, and the dollar posted its fifth consecutive winning week. Oil prices rose but still recorded a weekly decline, while investors looked to the Federal Reserve for guidance at the upcoming Jackson Hole symposium.