Investors Await Powell's Speech

World markets bounced on Tuesday after a difficult August, as bond yields eased after reaching 16-year highs and China's property sector and economy showed some signs of stabilizing. Investors await signals from the Jackson Hole economic symposium this week, where Fed Chair Powell will speak on Friday. Markets expect a 50/50 chance of another 75 basis point rate hike in September. Tech stocks rebounded on Monday in anticipation of earnings from Nvidia this week, as the industry hopes for renewed focus on artificial intelligence. Nasdaq logged its best day of the month. Treasury yields pulled back from highs but remained elevated, and the dollar also retreated slightly. Futures point to a higher open on Wall Street ahead of housing data and regional Fed comments.