Wall Street ended lower as investors digested the hangover from the Jackson Hole symposium over the weekend. Stocks pulled back, halting their Fed-fuelled rally as bond yields moved higher, with bond investors taking a cautious view of the next fortnight. In company news, Keurig Dr Pepper tumbled after announcing an $18 billion acquisition, while sector-specific tariffs weighed on furniture makers. Meanwhile, the US dollar steadied following its slump on Powell’s dovish surprise, and oil prices climbed as Russia-Ukraine peace talks dragged on. Back home, Aussie shares are expected to slip from record highs, with earnings results from Coles and Fortescue in focus today.

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