Wall Street cheered remarks from Federal Reserve Chair Jerome Powell in Jackson Hole opening the door to a rate cut in September.

NYSE Content Advisory: Pre-Market update + Fed Chair Jerome Powell Set to Deliver Jackson Hole Speech NEW YORK, Aug. 22, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins.

When Nvidia, the chip producer, reports earnings next week, investors expect the S&P 500 to have a bigger reaction than when the Fed chair delivers a big speech on Friday.

Live Updates Live Coverage Has Ended Thursday Wrap-up 4:17 pm The Vanguard S&P 500 ETF closed at 584.27 Thursday, down 0.4%. Morgan Stanley Loves HP Enterprise 12:31 pm In analyst action, Morgan Stanley analyst Erik Woodring upgraded shares of HP Enterprise (NYSE: HPE) to overweight with a $28 price target this morning.

Shares of business intelligence platform Domo (NASDAQ:DOMO) fell 4.6% in the pre-market session after a broader market downturn impacted the technology sector, as investors grew cautious ahead of a key speech by Federal Reserve Chair Jerome Powell.

Among the Nasdaq 100 stocks, Analog Devices ADI and Palo Alto Networks PANW rallied 3.7% and 1.6%, respectively, making them some of the best performers at the market open. On the downside, Intel INTC and Micron Technology MU tumbled 4.1% and 3.6%, respectively.

Live Updates Live Coverage Has Ended Friday Wrap-up 4:10 pm The Vanguard S&P 500 ETF closed at 593.22 Friday, up 1.5% for the day but only 0.3% for the week. Walmart Can Still Win, Too 11:55 am Investment bank Truist lowered its price target on S&P 500 component Walmart (NYSE: WMT) stock to $109 after