As the trading day draws to a close, here are the key events markets should watch for tomorrow, Thursday, August 22, 2024:

Several major companies are set to report earnings, including BJ's Wholesale (BJ), Ross (ROST), Dollar Tree (DLTR), and Peloton (PTON). The results will provide further insights into the state of the consumer, which has shown a mixed picture based on recent reports from other retail names.

On the economic front, investors will be closely watching the initial jobless claims data. Economists believe the figure will rise to 232,000, up from 227,000 the prior week.

Finally, the highly anticipated Jackson Hole Economic Policy Symposium kicks off, with all eyes on Federal Reserve Chair Jerome Powell's commentary on Friday.

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This post was written by Angel Smith