Wall Street little changed ahead of corporate results

Most US stock indexes stabilized at the beginning of Monday’s trading amid anticipation of a speech by Federal Reserve Chair Jerome Powell as well as the earnings results of some companies.

Powell will deliver a speech reviewing the US central bank’s monetary policy at the Jackson Hole symposium, which includes a number of global central bank officials.

Investors are also awaiting the earnings results of US retail companies this week, led by Walmart and Target, to look for indicators on the resilience of consumer spending in the United States.

As for trading, the Dow Jones Industrial Average fell by less than 0.1% (equivalent to 17 points) to 44,928 points as of 16:12 GMT, while the broader S&P 500 index declined by 0.1% (equivalent to 4 points) to 6,445 points, whereas the Nasdaq Composite dropped by 0.1% (equivalent to 29 points) to 21,595 points.