It’s another busy day on Wall Street. Here are three of the stories to watch during Friday, August 9.
Tech stocks have been under pressure this week amid the broader market sell-off. It’s a sector investors are watching closely given how much weight they carry in the major indexes (^DJI,^GSPC, ^IXIC).
It’s been a roller coaster week for bitcoin (BTC-USD). The cryptocurrency was hit hard earlier in the week, but has recouped some of its losses, trading above $60,000.
Federal Reserve Chairman Jerome Powell is under pressure. Some on Wall Street think the Fed should have cut rates at its July meeting given increasing concerns about an economic slowdown. One of Powell’s biggest critics is former President Donald Trump, who argues the president should have a say in monetary policy.
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
This post was written by Stephanie Mikulich.