US Stocks Snap Winning Streak, Awaiting Fed Signals

US stocks closed lower, breaking the S&P 500`s eight-day winning streak as investors awaited central bank signals on potential interest rate cuts. Market focus this week is on revised payroll data and Fed Chair Powell`s upcoming speech, both of which could impact rate cut expectations. While futures markets currently favor a smaller rate cut, a significant downward revision in payroll data could shift those odds. Palo Alto Networks stock surged following strong earnings results. Meanwhile, oil prices dipped, gold slightly increased, and the 10-year Treasury yield declined.