As the possibility of a trilateral meeting among the leaders of the United States, Ukraine, and Russia increased, the three major indexes of the New York Stock Exchange closed mixed.
On the 18th (Eastern Standard Time), the Dow Jones Industrial Average closed at 44,911.82, down 34.30 points (0.08%) from the previous session on the New York Stock Exchange (NYSE). The Standard & Poor's 500 index fell 0.65 points (0.01%) to 6,449.15, while the Nasdaq Composite Index rose 6.80 points (0.03%) to close at 21,629.77.
U.S. President Donald Trump said after his meeting with Ukrainian President Volodymyr Zelensky, "Sensitive issues such as territorial matters will be discussed in the trilateral meeting." President Zelensky also responded, "We support President Trump's plan to stop the war. We are prepared for the trilateral meeting."
Investors are paying attention to the performance announcements of major retailers and the message that Jerome Powell, chair of the Federal Reserve, will deliver at the Jackson Hole meeting. Performance announcements from Walmart and Target are scheduled for this week, which are expected to provide insight into how tariff uncertainties affect the real economy.
Meanwhile, Jerome Powell, the Fed chair, is expected to reveal his stance on interest rate cuts at the Jackson Hole Symposium in Wyoming on the 22nd. Considering that this comes ahead of the Federal Open Market Committee (FOMC) meeting in September, Powell's remarks are likely to greatly influence the flow of the financial markets until the end of the year.