Wall Street stocks ended lower today as investors parsed the outlook for U.S. interest rates and looked ahead to AI chipmaker Nvidia’s quarterly earnings this week while digesting a rally on Friday that lifted the Dow Jones Industrial Average to a record high close.

On Friday, stocks jumped after Federal Reserve Chair Jerome Powell hinted at the Jackson Hole Symposium that an interest-rate cut could be considered at the central bank’s September meeting, citing recent labor market weakness.

“The market has a Jackson Hole hangover,” said Jake Dollarhide, CEO of Longbow Asset Management in Tulsa, Oklahoma. “Investors are taking a little bit of a breather.”

The Personal Consumption Expenditures Price Index – the Fed’s preferred inflation gauge – is due to be released on Friday, while offici

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