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The major indexes (^DJI,^GSPC, ^IXIC) are holding onto last week’s gains ahead of Federal Reserve Chair Jerome Powell’s remarks at Jackson Hole later in the week. Investors will be closely watching for any signals of the rate cut path ahead, and some are preparing for further market volatility if Powell does not provide the commentary they are hoping for. Meanwhile, the AI race is heating up as shares of Advanced Micro Devices (AMD) rise on plans to acquire hyperscale solutions provider ZT Systems in a deal valued at $4.9 billion. The Democratic National Convention will formally kick off this evening with President Biden expected to speak as he passes the torch to Vice President Kamala Harris as the Democratic nominee. Other trending tickers on Yahoo Finance include Zim Integrated Shipping Services (ZIM), SoFi Technologies (SOFI), and AbbVie (ABBV).
Key guests include:
3:00 p.m. ET – Quincy Krosby, LPL Financial Chief Global Strategist
3:30 p.m. ET – Bill Davis, Hennessy Stance ESG ETF Portfolio Manager
4:00 p.m. ET – Mark Malek, Siebert Chief Investment Officer
4:30 p.m. ET – Naveen Jaggi, JLL Americas President of Retail
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