Markets Anticipate Key Fed Speech as U.S. Open Kicks Off

Investors await Federal Reserve Chairman's address while the U.S. Open tennis tournament begins with record prize money and attendance.

Federal Reserve Chairman Jerome Powell's speech is expected to provide insights on future interest rate cuts.
Major stock indexes experienced declines as traders shifted away from riskier investments ahead of Powell's address.
The U.S. Open starts with a record $75 million prize pool and high expectations for top players.
Last year's U.S. Open generated $514 million in revenue, reflecting its significant economic impact.
Carlos Alcaraz and Aryna Sabalenka are the current favorites in the men's and women's singles competitions.