The stock market is heading into a catalyst-filled week as Fed Chair Jerome Powell gets ready to speak at Jackson Hole and big retailers report earnings.

Crypto markets dropped further as investors grow cautious ahead of Federal Reserve Chair Jerome Powell's Friday Jackson Hole speech. Bitcoin fell below $114,000, now down 9% below its Thursday record high, with a number of altcoins seeing even steeper declines.

Incoming information has confounded Fed Chair Jerome Powell's data-dependent strategy by pulling in both directions.

Jerome Powell has the ideal platform Friday to deliver a clear signal the Federal Reserve is about to resume cutting interest rates. But the economy isn’t giving him an equally clear signal that now is the time.