U.S. stock markets showed a cautious upward trend on Thursday, August 21, 2025, with futures indicating a mixed opening. The Dow Jones Industrial Average was projected to open slightly lower, while the Nasdaq 100 was expected to see a modest gain. This sentiment follows a period of record highs and significant anticipation surrounding monetary policy signals from the Federal Reserve's annual Jackson Hole symposium.
All eyes remain on Federal Reserve Chair Jerome Powell's speech scheduled for Friday. Investors are keenly seeking any indication regarding a potential September interest rate cut. Economists widely anticipate dovish commentary, with projections suggesting two modest rate reductions throughout 2025. The market's reaction will be significantly influenced by any adjustments Powell makes to future interest rate projections. The Federal Reserve's July meeting minutes revealed a division among policymakers, with some favoring an immediate rate cut while the majority opted to maintain the current rate. Concerns about the impact of tariffs on inflation and a weakening labor market were also highlighted, adding to the prevailing uncertainty.
In corporate news, Coty Inc. reported a notable 8% year-over-year revenue decline for its fiscal fourth quarter, reaching $1.25 billion. This figure, however, surpassed analyst forecasts by 3.67%. The company's adjusted earnings per share turned negative at $(0.05), missing estimates and reflecting challenges in its Consumer Beauty segment. Coty anticipates continued sales declines in early fiscal year 2026, with a return to growth projected for the latter half of the year.
Meanwhile, Walmart's shares were poised to open lower despite an improved full-year forecast. The retail giant raised its sales growth expectation to a range of 3.75% to 4.75% and its adjusted earnings per share forecast to $2.52-$2.62. This was driven by strong demand and a robust online strategy. However, the company's quarterly profit missed expectations for the first time in three years, attributed to increased insurance claims, legal charges, and restructuring costs.
In a more positive development for the aerospace sector, Boeing's stock was anticipated to rise. The company is reportedly in final negotiations to sell up to 500 aircraft to China, a deal that could significantly boost Boeing's market standing in the region. This potential order is seen as a crucial element in ongoing trade discussions between the U.S. and China.
The market continues to digest these corporate results and awaits further clarity on the Federal Reserve's monetary policy path, with Powell's Jackson Hole address serving as a key focal point for understanding future economic direction.