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Wall Street ticks lower as investors await Powell's speech

Wall Street Jerome Powell US Federal Reserve Donald Trump Walmart Jackson Hole United States

Wall Street opened lower on Thursday as investors perused Walmart's latest financial results ahead of Federal Reserve Chair Jerome Powell's highly anticipated speech on Friday.

In the US, first-time jobless claims rose more than expected last week to 235,000, according to the US Department of Labor, fuelling concerns that the labour market is losing steam.

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