The Latest Breaking News on Markets

U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite dropping more than 300 points on Monday.

All eyes are set on Friday's event at Jackson Hole, Wyo., and the Fed Chairman Jerome Powell's speech.

The Dow Jones Industrial Average dropped 300 points Monday morning, threatening to extend losses from Friday's stock market sell-off.

Stock futures slide on growth, inflation worries; week ahead: Powell set for key Jackson hole address; Tesla shares slide as musk unveils FSD price hikes; AMC entertainment plummets as Cineworld confirms chapter 11 bankruptcy option and gas prices hit late-February lows as oil extends declines

Oil prices slumped on Monday, ending three days of gains, as investors were concerned aggressive US interest rate hikes will weaken the global economy and dent fuel demand while a strengthening dollar also added to pressure. Brent crude futures for October settlement declined $1.20, or 1.2%, to $95.52 a barrel…

Asian stock markets are mixed after China cut an interest rate that affects mortgage costs

Australian shares post their biggest drop in six weeks, as commodity stocks drag the resource-heavy bourse lower due to a slump in gold and iron ore prices.

Futures fell sharply as the market rally pulls back. Elon Musk will hike Tesla FSD prices. Warren Buffett stock Occidental Petroleum surged Friday.

The Nasdaq composite sank 2% for the day and 2.5% since Monday's open, ending a four-week winning streak.