Markets opened lower on Wednesday as investors await the Federal Reserve minutes and key economic events.
Market Conditions Ahead of the Fed Meeting
The Nasdaq Composite opened down 0.5% in early trading. Stocks showed weakness as investors awaited the Federal Reserve’s minutes.
Corporate Earnings Impact on the Market
Market pressures were also attributed to disappointing corporate earnings. Target shares fell 9% after a sales decline report, while Lowe’s shares rose 3% after beating earnings expectations.
Expectations and Discussions at the Fed Symposium
Potential changes in Fed policy are at the forefront of investors' minds. Upcoming minutes from the July meeting may provide insights into interest rate outlook. Jerome Powell is also set to speak at the Jackson Hole symposium.
Markets remain under pressure as investors await new data from the Fed, which may influence movements in both stock and cryptocurrency markets.
