U.S. stocks slide ahead of Powell’s speech at Jackson Hole conference on Friday

S&P: 5,570.64 (-0.9%)
DJIA: 40,712.78 (-0.4%)
Nasdaq-100: 19,491.84 (-1.7%)
Eurostoxx: 4,885.00 (0.0%)
U.S. crude futures: 73.01 (+1.5%)

U.S. stocks slipped on Thursday as investors await Powell’s speech at the annual Jackson Hole conference on Friday. The Nasdaq-100 fell the most, at 1.7%, as tech stocks were hit the hardest. The S&P 500 fell by 0.9%, with 8 out of 11 sectors closing lower, offset by some gains in real estate stocks. The Dow Jones lost over 170 points to close 0.4% lower as losses of over 2.0% in Microsoft weighed on the index.
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