Wall Street Breakfast After Dow's record close, stock futures lower
Aug 25, 2025
Stock futures are dipping slightly after the Dow's impressive record close. Home sales are experiencing their sharpest decline in years, raising concerns about the housing market. In a surprising twist, Abercrombie & Fitch teams up with the NFL for a new fashion collaboration. The podcast delves into the impact of mortgage rates on the housing trends and the ongoing effects of the stock market movements.
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Powell Speech Drove Market Moves
- Market reaction to Powell's Jackson Hole remarks pushed the Dow to a record close and left futures slightly lower Monday morning.
- Investors now focus on data and Nvidia earnings as potential catalysts for direction.
Nvidia Earnings Are The Big Event
- Nvidia's upcoming earnings are the major corporate event investors are watching this week.
- Deutsche Bank says Nvidia results will matter after a recent tech pullback and ahead of Friday's PCE inflation data.
Data Will Drive Fed Expectations
- July's PCE Price Index and other data will shape Fed expectations after Jackson Hole.
- Markets are balancing rate-cut hopes against incoming inflation and earnings signals.