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26.08.2025 09:11 AMShares of Keurig Dr Pepper fell after the company announced its purchase of JDE Peet's, a Dutch firm. Shares of furniture retailers are declining amid Trump's threat to launch an investigation regarding tariffs. The largest brokerage firms forecast a Fed rate cut of 25 basis points in September. S&P 500 -0.43%, Nasdaq -0.22%, Dow -0.77%
American stock indices closed in the red on Monday. Investors paused after last week's rally to assess the outlook for US monetary policy and prepare for the upcoming earnings release from technology giant Nvidia.
On Friday, markets surged after Federal Reserve Chair Jerome Powell, speaking at the Jackson Hole Symposium, signaled the possibility of a key rate cut as soon as September. The reason for cautious optimism was the weakness of the US labor market, which the regulator cited.
This week, particular attention is on Nvidia's quarterly report to be released on Wednesday. The company's shares have added about 1% on investor expectations. The report will be a key indicator for the rapidly growing artificial intelligence market. Considering that Nvidia's capitalization accounts for almost 8% of the S&P 500 index, the company's results are likely to affect millions of retail investors forming retirement savings through index funds.
Powell's comments have led major financial institutions to revise their forecasts. Barclays, BNP Paribas, and Deutsche Bank now expect interest rates to be cut by a quarter percentage point in September.
According to CME Group's FedWatch tool, the market estimates the probability of Fed policy easing next month at 84%. Investors are also closely watching upcoming speeches by Fed representatives John Williams and Lorie Logan to understand how closely their stances align with Powell's signals.
Trading on Monday on Wall Street was marked by caution: the main indices closed in negative territory. Session results:
Out of eleven S&P 500 sector indices, nine showed declines. The largest losses were in the consumer goods sector, which fell by 1.62%. The healthcare sector followed, losing 1.44%.
The contrast was particularly noticeable after Friday's surge, when the Dow Jones reached record highs for the first time since December 2024. At that time, the S&P 500 had posted its strongest daily gain in recent months.
Jefferies Bank became yet another investment company to raise its year-end forecast for the S&P 500 index, despite the muted performance at the start of the week.
One of the key corporate events of the day was a decline in the shares of beverage producer Keurig Dr Pepper. The company's stock plummeted by more than 11% after the announcement of an agreement to acquire JDE Peet's for $18.4 billion in cash. Experts note that this transaction will become one of the largest in the food industry in recent years. However, investors reacted to the news with caution. After all, such a large purchase carries risks of increased debt burden and raises questions about the company's short-term financial stability.
The US dollar and long-term US government bond yields came under pressure on Tuesday after President Donald Trump announced the resignation of the Federal Reserve governor. This move, unprecedented in modern history, called into question the central bank's independence and eroded confidence in US assets.
Asian stock exchanges reflected the nervousness of Wall Street, which was the first to react with a decline to the unexpected political move. Investors found themselves confused about the future trajectory of monetary policy and the possibility of a rate cut as early as next month.
Amid rising uncertainty, gold rose to a two-week high. US equity futures retreated after Trump once again threatened to impose trade tariffs against key partners.
The euro gained 0.1% to reach 1.1631 dollars. The Japanese yen held at 147.82 per dollar after noticeable strengthening the previous day. The US dollar index, which tracks the greenback against a basket of global competitors, declined by 0.1% after rising by 0.7% the day before.
The broad MSCI index for Asia-Pacific countries outside Japan lost 0.5%. In Tokyo, the Nikkei index declined by 0.9%.Futures on European indices were also in the red: the Euro Stoxx 50 decreased by 0.53%, the German DAX slid by 0.45%, and the British FTSE shed 0.35%. US e-mini futures for the S&P 500 dropped by 0.07%.
The world's largest financial institutions, including Barclays, BNP Paribas, and Deutsche Bank, are forecasting that the Federal Reserve will cut its key rate by a quarter of a percentage point in September. According to CME Group's FedWatch tool, the probability of this scenario, as priced into federal funds futures, is 83%.
President Donald Trump continued to increase pressure on trade partners. He announced the possibility of imposing additional import tariffs against countries that levy taxes on digital services. This rhetoric once again heightened investor concerns, recalling months of market turmoil amid trade conflicts.
In the commodity market, oil and gold prices traded mixed. US crude oil fell by 0.5%, settling at 64.48 dollars per barrel. Gold, on the other hand, rose by 0.2% to 3,373.32 dollars per ounce and then briefly extended gains to 3,386.27 dollars, the highest level since August 11.
