5 issues you’ll want to know earlier than the market opens on Wednesday August 16:
1. — Shares stall as markets eye Fed minutes amid August sell-off
Shares are struggling to search out upside momentum in August, with rising Treasury bond yields and a sputtering China restoration holding again danger sentiment.
2. — Fed minutes to make clear dovish Powell signaling as charge bets fade
Fed Chair Jerome Powell’s dovish charge signaling clashed with the FOMC’s forecast for extra near-term charge hikes final month. Minutes of the July coverage assembly could make clear that.
3. — Housing knowledge in focus as borrowing prices surges, builder sentiment fades
Surging mortgage charges lastly clipping homebuilders’ sentiment, however consumers have gotten extra snug with the upper charge actuality.
4. — Intel bumps larger after scrapping $5.4 billion Tower Semiconductor deal
Intel, which has been increasing foundry and manufacturing investments for the previous few months, has formally scrapped plans to purchase Tower Semiconductor.
5. — Cisco earnings on deck with provide chains, AI funding in focus
Cisco Methods will look to leverage funding in AI applied sciences because it overcomes provide chain snarls heading into the beginning of its 2024 monetary yr.
