The Stock Market Is Quiet. Fed Minutes Are Up Next.
The stock market sank to near its low of the day in a quiet session as investors await the release of the July FOMC minutes at 2 p.m. The S&P 500 and Nasdaq were little changed, while the Dow had dipped 0.1%. The earlier release of revisions to last year's payrolls failed to provoke a major response from the stock market, which remains just below its record highs set in July. Minutes from the Federal Reserve's July meeting might succeed where that report failed, but investors might be stuck waiting for Fed Chair Jerome Powell's speech from Jackson Hole on Friday and then Nvidia's earnings next week to get a good feel for where stocks are headed next.