U.S. stocks closed lower Thursday, with the S&P 500 index logging a fifth straight daily loss, as technology stocks slumped and investors waited to hear from Federal Reserve Chair Jerome Powell on Friday.

The Nasdaq and S&P 500 fell on Wednesday as investors sold tech stocks and moved into less highly valued sectors, as they also awaited remarks from Federal Reserve officials at their Jackson Hole symposium this week.

Stock futures are pointing to a lower open for major indexes on Thursday as investors prepare for tomorrow's highly anticipated speech from Federal Reserve Chair Jerome Powell.

Stocks remained lower ahead of midday, with the S&P 500 off 0.1% and on track to extend its losing streak to five straight sessions. If the index ends with a loss Thursday, the five-day streak would be the longest since a five-day string of losses that ended on Jan.

S&P 500, US Dollar Index Futures, Japan Government Bond Futures, United States 10-Year. Read 's Market Analysis on Investing.com

Although Invesco S&P 500 Equal Weight ETF can lag the S&P 500 at times, it may be a safer alternative in today's market.

The S&P 500 notched three new record highs this week, but the rally fell short on Friday. Click here to read more.

The S&P 500 benchmark U.S. stock index will end 2025 just below current near-record levels, reflecting tempered optimism amid ongoing concerns over the economic impact of President Donald Trump's global tariffs and uncertainty surrounding Federal Reserve rate cuts,

The S&P 500 trades at an expensive valuation that has historically preceded negative returns over the next one, two, and three years.

W all Street is flooded with bullish forecasts, but Tom Lee’s latest one is making heads turn. The Fundstrat co-founder says the S&P 500 could run up to a record 7,000 by year-end, but only if two telling signals break his way.

Walmart Inc. is among the S&P 500 index’s biggest decliners Thursday after the discount-retail giant reported second-quarter profits that missed Wall Street expectations. However, the Bentonville, Ark.

The Vanguard S&P 500 ETF is hovering around an all-time high at the time of this writing -- up 8.5% year to date and a whopping 66.4% since the start of 2023. But S&P 500 earnings haven't grown nearly as fast, which has pushed up the valuation of the index.