On Tuesday, August 20th, U.S. stock markets closed lower, with the S&P 500, Nasdaq, and Dow all experiencing modest declines, breaking an eight-day winning streak. This downturn comes as investors take a cautious pause ahead of the Jackson Hole Economic Symposium, where global central bank representatives will convene.
Among the 11 major sectors within the S&P 500, energy stocks experienced the steepest decline, while consumer staples were the top performers, gaining 0.5%.
Eli Lilly’s (NYSE:LLY) shares rose 3.1% after its weight-loss drug Zepbound significantly reduced Type 2 diabetes risk. Palo Alto Networks (NASDAQ:PANW) jumped 7.2% on strong fiscal 2025 forecasts, while Boeing fell ...
