The US stock market opened steadily on Monday, with investors closely following several key events. First, the White House's meeting regarding the Russia-Ukraine conflict has drawn market attention, potentially impacting the geopolitical landscape. Second, retail companies are about to release their earnings reports, which will provide important indicators of economic health for the market. Additionally, the upcoming Jackson Hole annual meeting is also a focal point for the market, as it may reveal the direction of future monetary policy.

After the opening, the Dow Jones Industrial Average, S&P 500 Index, and Nasdaq Composite Index all fluctuated within a small range, showing that the market sentiment is cautious.

Karl Schamotta of Corpay pointed out that although the market generally expects the Federal Reserve to cut interest rates in September, the recently released economic data has not provided sufficient support for this expectation. The discrepancy between this expectation and the actual situation may affect market trends in the future.

Overall, the current market seems to be in a wait-and-see mode, awaiting more economic data and policy signals to guide its direction. Investors need to weigh geopolitical risks, corporate earnings prospects, and potential changes in monetary policy, as these factors will shape market trends in the short term.