Welcome to Markets Desk, here's what's moving right now.
Equities are treading water ahead of a critical earnings report, with the S&P five hundred barely changed and the Dow off by roughly a quarter percent. Bond yields are pressing higher, creating a headwind for growth names and keeping the Nasdaq under modest pressure as traders position ahead of Nvidia's numbers.
Shifting to commodities, coffee prices are getting crushed today, with arabica futures down more than four percent and robusta off over two percent. The catalyst is Brazil, where expectations of a larger harvest are driving long liquidation across the board, pushing both contracts to one-week lows as supply optimism overwhelms any near-term demand story.
Meanwhile, all eyes in the policy world are on Jackson Hole, where newly installed Fed Chair Kevin Warsh is expected to speak. A fresh CNBC survey finds that eighty percent of respondents want Warsh to be more forthcoming about his economic outlook, a sign that markets are hungry for clarity on the rate path at a moment when the Fed's next move remains genuinely uncertain.
That's the tape. Markets Desk, signing off the floor.
