US stock market opened flat on Monday as investors focused on corporate earnings reports from major retailers and the Federal Reserve’s annual symposium in Jackson Hole.
At the opening bell, the Dow Jones Industrial Average rose 17.0 points, or 0.04%, to 44,963.17. The S&P 500 fell 4.8 points, or 0.07%, to 6,445.02, while the Nasdaq Composite dropped 6.2 points, or 0.03%, to 21,616.82.
Among top retailers set to report their earnings this week are Home Depot, Lowe’s and Walmart, with markets keeping tabs on the impact of US President Donald Trump’s sweeping tariffs this year.
Market participants will also be monitoring remarks from central bankers this week as policymakers head to Wyoming for the annual Jackson Hole Economic Policy Symposium.
Federal Reserve Chair Jerome Powell is due to speak on Friday, with all eyes on how he frames the Fed’s approach to interest rates and hints on its next steps.
