Nasdaq falls 1%, S&P drops as markets await Powell’s rate signals at Jackson Hole

Major U.S. stock indexes fell on Thursday, with losses deepening ahead of Federal Reserve Chairman Jerome Powell’s speech on monetary policy at the central bank’s Jackson Hole Economic Symposium.

Nasdaq Composite Index (Compound: Indian) -1.2%Standard & Poor’s 500 Index (SP500)Volatility Index (VIX)

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