U.S. stocks are expected to record their worst weekly performance this week as the market awaits Powell's speech

ChainCatcher news, according to Jinshi, U.S. stocks are expected to open higher on Friday after several days of market declines, as investors await Powell's speech at the Jackson Hole seminar for clues on the interest rate path.

Michael Matousek, chief trader at U.S. Global Investors, stated that Powell will take a "cautious approach," emphasizing the need to observe data. Several Federal Reserve officials are not very optimistic about the idea of a rate cut next month, and all three major stock indexes are set to close lower this week, with the S&P 500 and Nasdaq likely to record their worst weekly performance of the month.