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finance.yahoo.com - Stock market today dow sp nasdaq retreat as wall street eyes walmart earnings jackson hole kickoffMeanwhile, a continued slide in Big Tech stocks is still a worry, even after the Nasdaq on Wednesday showed signs of a reprieve, coming firmly off session lows as buyers jumped in. Short sellers have reaped over $5 billion from bets against techs as AI fears rippled through markets.
Dimmed rate-cut hopes are also weighing on minds after minutes from the Fed's July meeting signaled that sticky inflation rather than a faltering labor market is the main concern for policymakers. There was broad support for holding rates steady, despite a growing divide at the Fed.
