{"id":52112,"date":"2025-08-20T16:38:46","date_gmt":"2025-08-20T20:38:46","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/u-s-stocks-show-resilience-amid-tech-selloff-as-powells-jackson-hole-speech-looms\/52112\/"},"modified":"2025-08-20T16:38:46","modified_gmt":"2025-08-20T20:38:46","slug":"u-s-stocks-show-resilience-amid-tech-selloff-as-powells-jackson-hole-speech-looms","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/u-s-stocks-show-resilience-amid-tech-selloff-as-powells-jackson-hole-speech-looms\/52112\/","title":{"rendered":"U.S. Stocks Show Resilience Amid Tech Selloff as Powell&#8217;s Jackson Hole Speech Looms"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>U.S. stocks showed signs of recovery after a week-long tech selloff, with energy and defensive sectors leading gains, while major indices ended mixed.<\/strong><\/li>\n<li><strong>The Nasdaq Composite (<a href=\"\/stock\/IXIC\">IXIC<\/a>) closed down by 0.65% at 21,176.51, and the <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> (<a href=\"\/stock\/SPX\">SPX<\/a>) fell 0.27% to 6,394.05, though the <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (<a href=\"\/stock\/DJIA\">DJIA<\/a>) managed a marginal gain of 0.01% to 44,925.47.<\/strong><\/li>\n<li><strong>Investors are keenly awaiting Federal Reserve Chair Jerome Powell\u2019s upcoming speech at the Jackson Hole symposium, with markets betting on a potential interest rate cut next month.<\/strong><\/li>\n<li><strong>UnitedHealth Group (<a href=\"\/stock\/UNH\">UNH<\/a>) announced its Board of Directors will establish a new Public Responsibility Committee, according to a recent SEC filing.<\/strong><\/li>\n<\/ul>\n<p>U.S. equities experienced a mixed close on Wednesday, with major indices struggling to find clear direction as markets digested a week-long selloff in technology shares. Despite the broader market&#39;s hesitation, <em>energy and defensive stocks demonstrated strength<\/em>, leading gains and helping to claw back some earlier steep losses, particularly among megacap companies.<\/p>\n<p>The tech-heavy <strong>Nasdaq Composite (<a href=\"\/stock\/IXIC\">IXIC<\/a>)<\/strong> recorded a decline of <strong>138.44 points<\/strong>, or <strong>0.65%<\/strong>, closing at <strong>21,176.51<\/strong>. Similarly, the <strong>S&amp;P 500 (<a href=\"\/stock\/SPX\">SPX<\/a>)<\/strong> finished the session lower by <strong>17.32 points<\/strong>, a <strong>0.27%<\/strong> drop, settling at <strong>6,394.05<\/strong>. In contrast, the <strong>Dow Jones Industrial Average (<a href=\"\/stock\/DJIA\">DJIA<\/a>)<\/strong> managed to eke out a slight gain, rising <strong>3.20 points<\/strong> or <strong>0.01%<\/strong> to close at <strong>44,925.47<\/strong>.<\/p>\n<p>Market participants are now turning their attention to Federal Reserve Chair Jerome Powell\u2019s highly anticipated speech at the Jackson Hole economic symposium. <em>Expectations are building for a potential interest rate cut as early as next month<\/em>, with investors closely scrutinizing any signals from Powell regarding the central bank&#39;s monetary policy outlook.<\/p>\n<p>In corporate news, <strong>UnitedHealth Group (<a href=\"\/stock\/UNH\">UNH<\/a>)<\/strong> announced a significant governance development. The company&#39;s Board of Directors is set to establish a new <strong>Public Responsibility Committee<\/strong>, as detailed in a recent SEC filing. This move comes amidst increasing scrutiny on corporate social responsibility and public health impacts within the healthcare sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways U.S. stocks showed signs of recovery after a week-long tech selloff, with energy and defensive sectors leading gains, 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