14:49
U.S. stocks opened steady, with the market following the Central Bank annual meeting and the wave of retail earnings reports.
According to ChainCatcher news and Jin10 reports, the US stock market remained stable overall after opening on Monday. The market is following the White House's meeting regarding the Russia-Ukraine conflict, while traders prepare for upcoming retail earnings reports and the Jackson Hole annual meeting this week. The three major US stock indices opened with slight fluctuations between rises and falls. Corpay Chief Market Strategist Karl Schamotta stated that the market is confident that the Fed will cut interest rates in September, but the data released over the past two weeks has not provided solid evidence for easing.