U.S. equities drop back-to-back in session after Fed Reserve chairman warning at Jackson Hole.

U.S. stocks declined back-to-back on Monday, as investors continued to react to the remarks by the Fed Reserve chair Jerome Powel at Jackson Hole summit that, they will continue to battle inflation until the job is done. Nonetheless, there were some glimmers of hope among stock investors yesterday, when S&P 500 and Dow Jones periodically and briefly flashed green. Subsequently, Dow Jones declined 0.6% to finish at 32,098.99, S&P 500 declined 0.7% to finish at 4,030.61 while Nasdaq 100 declined 1% to finish at 12,017.67. The 10-year yield Treasury advanced from previous 3.034% to 3.1024%. Gold spot price increased $1.60 to $1,751.40 per ounce while WTI crude oil increased $2.78 to $97.01 per barrel.

U.S. stocks declined back-to-back on Monday, as investors continued to react to the remarks by the Fed Reserve chair Jerome Powel at Jackson Hole summit that, they will continue to battle inflation until the job is done. Nonetheless, there were some glimmers of hope among stock investors yesterday, when S&P 500 and Dow Jones periodically and briefly flashed green. Subsequently, Dow Jones declined 0.6% to finish at 32,098.99, S&P 500 declined 0.7% to finish at 4,030.61 while Nasdaq 100 declined 1% to finish at 12,017.67. The 10-year yield Treasury advanced from previous 3.034% to 3.1024%. Gold spot price increased $1.60 to $1,751.40 per ounce while WTI crude oil increased $2.78 to $97.01 per barrel.