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Wall Street Awaits Fed Rate Cut Amid Mixed Stocks

8/20/2025

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Summary

Story summary

Stocks opened higher but closed mixed as Wall Street awaits signals of a rate cut from the Federal Reserve.
The July jobs report increased expectations for a September rate cut, with an 83% probability of a 25-basis-point reduction.
Major retailers, including Walmart and Target, will report earnings this week, influencing consumer spending insights.
Novo Nordisk's shares rose following FDA approval of its obesity drug, Wegovy, for a serious liver disease.

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Story summary

Stocks opened higher but closed mixed as Wall Street awaits signals of a rate cut from the Federal Reserve.
The July jobs report increased expectations for a September rate cut, with an 83% probability of a 25-basis-point reduction.
Major retailers, including Walmart and Target, will report earnings this week, influencing consumer spending insights.
Novo Nordisk's shares rose following FDA approval of its obesity drug, Wegovy, for a serious liver disease.