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Aug 23, 2024 2:50 AM

Nasdaq, S&P 500 Close Lower As Investors Await Jerome Powell's Jackson Hole Address: Fear & Greed Index Stays In 'Neutral' Zone

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Neutral” zone on Thursday.

U.S. stocks settled lower on Thursday, ahead of a speech by Fed Chair Jerome Powell at the Jackson Hole Economic Symposium on Friday.

Williams-Sonoma, Inc. (NYSE:WSM) shares dipped over 9% on Thursday after the company reported second-quarter results. Peloton Interactive, Inc. (NASDAQ:PTON) shares jumped 35% after reporting better-than-expected second-quarter financial results.

On the economic data front, U.S. initial jobless claims rose by 4,000 from the prior week to 232,000 in the week ending ...