Dow Jones Futures Decline with Focus on Jackson Hole and Walmart Earnings

US futures indexes are trading lower on Thursday (21), with investors keen on the start of the Jackson Hole symposium and Walmart’s results. New York exchanges closed lower on Wednesday, with Nasdaq dropping 0.7%, pressured by ongoing corrections in the tech sector. Investors are exploring other segments due to growing fatigue with big tech, amid concerns about the pace of spending in artificial intelligence. The market now turns its attention to Federal Reserve (Fed) Chairman Jerome Powell’s speech on Friday to look for signals on the interest rate trajectory. According to CME’s FedWatch tool, Fed fund futures contracts price in over 80% probability of a rate cut at the next monetary policy meeting in September.