Dow Jones closes down 9 points after Fed signals tightening

MacroM&A · Partnership
โดย HoonSmart·US·Read original
Summary · why it matters

U.S. stocks closed lower on Friday, with the Dow Jones Industrial Average falling 9.45 points, or 0.02%, to 53,559.99, while the S&P 500 declined 0.25% and the Nasdaq fell 0.52%. This followed a speech by Federal Reserve Chair Kevin Warsh at Jackson Hole, where he reiterated the 2% inflation target and signaled a tightening of monetary policy. As a result, traders increased the probability of a September rate hike to 57.5% from 35.4%. Meanwhile, PayPal shares plunged over 12% after reports that Advent and Stripe had withdrawn from acquisition talks valued at $50 billion. European markets closed higher, with the STOXX 600 gaining 0.51%. WTI crude oil fell 0.16% to settle at $83.40 per barrel.

Impact on stocks 3

Digital Finance & Tokenization · 1 stocks
PayPal Holdings Inc
PYPL
▼ NegativeCapitalrelevance

Advent and Stripe withdrew from acquisition talks valued at $50 billion, causing shares to plunge over 12%.

Others · 2 stocks

Off-coverage companies 2

Advent InternationalPrivate± Mixed
Capitalrelevance

Advent withdrew from acquisition talks with PayPal, but impact on Advent itself is unclear.

Stripe, Inc.Private± Mixed
Capitalrelevance

Stripe withdrew from acquisition talks with PayPal, but impact on Stripe itself is unclear.