Greg Michalowski
S&P index closes lower for the 5th consecutive day.
- Major indices close lower by about -0.40% ahead of Fed Chair Powell's speech at Jackson Hole
US considers plan to reallocate $2B in the chips act funding for critical materials:
- Trump admin considers reallocating $2b in CHIPS Act funds for critical materials to give greater oversight to Commerce Sec. Lutnick.
Crude oil settled at $63.52
- Up $0.81 or 1.29%
GBPUSD Technicals: The GBPUSD fell to the 100 day MA target and found willing buyers
- The 100 day MA comes in at 1.34078 and represents a key barometer for both buyers and sellers
Fed chair candidate Lindsey: The facts have changed since the recent labor data.
- Has not been in touch with anyone recently on the position
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