It was the second straight session of sharp losses — and US stocks are lower again in premarket trading Thursday. As many as 28% of investors predicted the Fed would signal this at its annual conference in Jackson Hole next week. Why it matters: Rock-bottom interest rates and $120 billion in securities purchases per month have been a boon for stocks. The company said last quarter was the first time more new customers made their first trade in cryptos, such as bitcoin and ethereum, instead of stocks. Up nextKohl's KSS Macy's M Tapestry TPR Ross Stores ROST , Petco andreport results before US markets open.follows after the close.

Source: CNN August 19, 2021 12:09 UTC