What is the key event that investors are anticipating this week?

The key event this week is the Federal Reserve's annual symposium at Jackson Hole, Wyoming, where Fed Chair Jerome Powell will deliver a speech that will be closely scrutinized for clues on the central bank's outlook on the economy and monetary policy.

How did the AI-related stocks perform?

Some market participants expressed concerns about AI-related stocks after OpenAI's CEO Sam Altman said they are in a bubble in a recent interview.

Home / Business and Economy / Tech Stocks Slide Ahead of Fed Chair's Jackson Hole Speech

Tech Stocks Slide Ahead of Fed Chair's Jackson Hole Speech

Q: Which sectors performed well on August 19, 2025?

The real estate sector led the pack, rising 1.8%, while the technology and communications services sectors were the biggest losers, declining over 1.9% and 1.2%, respectively.

19 Aug

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Summary

Nasdaq and S&P 500 fell, led by tech stock declines
Investors cautious ahead of Fed Chair Powell's speech at Jackson Hole
Concerns about AI bubble after OpenAI CEO's comments

Tech Stocks Slide Ahead of Fed Chair's Jackson Hole Speech

On August 19, 2025, the Nasdaq and S&P 500 indices experienced a decline, primarily driven by a sell-off in technology stocks. Investors are currently gearing up for the highly anticipated speech by Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium, which is scheduled to take place from August 21-23.

Traders are cautious about Powell's potential comments on the future direction of interest rates, as the central bank's monetary policy decisions have a significant impact on the broader market. Some market participants are concerned that Powell may adopt a more hawkish stance than the market currently expects, leading to the sell-off in tech stocks, which have been a significant driver of the market's performance this year.

Additionally, there are some concerns about the potential for an AI-related bubble, following comments made by OpenAI's CEO Sam Altman in a recent interview. This has added to the overall uncertainty in the market, as investors assess the implications of the rapid advancements in artificial intelligence technology.

Despite the overall market decline, six of the S&P 500 sectors managed to post gains, with the real estate sector leading the pack, supported by better-than-expected housing data. However, the technology and communications services sectors were the biggest losers, declining by over 1.9% and 1.2%, respectively.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.