JPMorgan Chase & CoJPM
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The Nasdaq composite retreated in early trading after Federal Reserve Chairman Kevin Warsh avoided questions about a potential July interest-rate hike during a panel discussion with the heads of the ECB, the Bank of England, and the Bank of Canada. Warsh noted that inflationary risks have eased since the last FOMC meeting, prompting U.S. Treasury yields to pare earlier gains. Major indexes traded in the red, with the Nasdaq leading declines following a strong quarter-end rally. Oil prices slipped amid reports that President Trump is open to extending negotiations with Tehran beyond an August 18 deadline, easing Middle East tensions. Gold fell below $4,000 a troy ounce as the prospect of Fed rate hikes continued to weigh on the metal.
JPMorgan Chase & Co