Morning Brief Powell watch, Walmart miss, Palantir tanks ahead of Nvidia
US stocks slide as the Federal Reserve kicks off its Jackson Hole Symposium, with investors awaiting Chair Jerome Powell’s speech on interest rates. Walmart (WMT) posts its first earnings miss in three years, citing one-time costs, but raises full-year guidance. Tech stocks retreat in a sharp rotation: Palantir (PLTR) tumbles more than 15% from last week’s highs as retail traders buy the dip, while Nvidia (NVDA) gains fresh price target boosts from UBS and Wedbush ahead of next week’s results. Meanwhile, the US and EU finalized trade deal details, Boeing (BA) explored a 500-jet sale to China, and Dayforce (DAY) confirmed a $12.3B buyout by Thoma Bravo.
Takeaways:
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Fed’s Jackson Hole meeting begins with Powell’s speech in focus
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Walmart earnings miss, drags stock despite higher guidance
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Palantir plunges as tech sell-off deepens; Nvidia outlook in spotlight
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Boeing in China jet talks, Dayforce in $12.3B Thoma Bravo deal
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