Bank Shares Extend Losses as Wall Street Stocks Decline Following Release of Fed Minutes
Equities Encounter August Turbulence as S&P 500 Remains Near One-Month Lows Amid Persistent Inflation and Strong Economy Concerns
Despite widespread anticipation that the Federal Reserve's tightening measures are nearing completion, concerns persist that the central bank might prolong its current interest rate stance.
This uncertainty has contributed to a challenging period for equities throughout August, with the S&P 500 struggling to maintain its position near one-month lows.
Nvidia (NVDA.O) experienced a minor decline of 0.12% after registering gains in the previous two sessions. Notably, two additional brokerages have raised their price targets for Nvidia ahead of the chip designer's upcoming quarterly earnings announcement.
Within the S&P 500 (.AD.SPX), declining stocks outnumbered advancing ones at a ratio of 1.9 to 1.