Good morning. U.S. equity markets opened with mixed results as investors focus on the upcoming keynote address by Kevin Warsh, the newly appointed chairman of the Federal Reserve, at the Jackson Hole symposium. In the Treasury market, yields across the curve rose roughly half a basis point as traders positioned ahead of Warsh’s speech.
Below is a snapshot of market activity in the opening minutes of trading, drawn from a heat map generated by Yahoo Finance AlphaSpace.
The Communication Services and Consumer Discretionary sectors led the early gains, while the Health Care sector lagged. Energy and Materials also posted gains, contributing to an overall mixed but predominantly positive market tone ahead of Warsh’s address.
Among the stocks drawing attention from Yahoo Finance users this morning are PayPal (PYPL), Affirm (AFRM), Marvell Technology (MRVL), IREN (IREN), Gap (GAP), Quoin Pharmaceuticals (QNRX), Klarna Group (KLAR), and Figma (FIG).