As of Wednesday's market close, $Dow Jones(.DJI)$ slightly gained 0.04%, $S&P 500(.SPX)$ down 0.24%, and $NASDAQ(.IXIC)$ falls 0.67%, showed negative performance of the market. Data from TradingView shows that 16 companies with a market cap of over $10 billion have reached new highs.Fed Policy Expectations & Market Sentiment: Markets are closely watching the Federal Reserve’s next moves on monetary policy. Traders broadly expect a rate cut in September, with some aggressive bets anticipating a cut of more than 25 basis points. However, ahead of Fed Chair Powell’s speech at the Jackson Hole Symposium, a sense of “hawkish panic” has emerged—fears that Powe