Stocks retreat from rally ahead of the Federal Reserve meeting - Thursday Review, August 26

Stocks retreat from rally ahead of the Federal Reserve meeting - Thursday Review, August 26

The forthcoming US Federal Reserve symposium keep investors on their toes

The US

Wall Street closed lower, with stocks in consumer discretionary, technology, financials among the biggest losers. Now, investors are waiting for the annual Federal Reserve Jackson Hole policy symposium on Friday. USA30 fell 0.54%, while USA500 lost 0.58%. TECH100 dropped 0.64%.

Crude oil settled down at $67.42 a barrel after it lost 1.4%.

Gold gained 0.15%, trading at $1,792.20 per ounce.

The Dollar Index was up 0.25%.

Asia and Australia

Markets were down, with China’s regulatory tightening for private industries clouding investor sentiment.

Japan225 fell 0.06%.

HongKong45 lost 0.24%.

Down under, Australia200 traded 0.39% lower.

Europe

Shares ended lower after data showed faltering German consumer morale amid rising COVID-19 cases. Germany30 dropped 0.4%, marking its lowest level in a week. France40 and UK100 declined 0.2% and 0.4%, respectively.

Brent oil lost 1.6%, reaching $71.07 per barrel.

EUR/USD was down 0.09% to 1.1760.

Sources: investors.com, reuters.com

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