Stocks often rise the week of the Fed’s big Jackson Hole gathering. Don’t count on it this year. Why a ‘wall of money’ is unlikely to flood into stocks when the Fed cuts rates, this Goldman strategist says.

Software maker Palantir (NASDAQ: PLTR) plunged more than 9%, making it the S&P 500's weakest performer. The Dow Jones Industrial Average (DJINDICES: ^DJI) bucked the trend, edging up 10.45 points, or 0.

Gold edged down as investors awaited the Federal Reserve’s Jackson Hole gathering for clues on the path for US interest rates.Bullion traded around $3,340 an ounce, paring some of the gains made on Wednesday when President Donald Trump’s call for Fed Governor Lisa Cook to resign bolstered haven demand.

Stock markets in the Gulf were subdued in early trade on Thursday as investors awaited U.S. Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium on Friday to gauge the interest rate trajectory.