Wall Street Waits for Kevin Warsh at Jackson Hole, MRVL Falls After Earnings

• Markets are choppy and flat today, with all eyes on Kevin Warsh's speech at Jackson Hole for clarity on interest rates.
• Marvell (MRVL) shares fell despite beating 2Q earnings and revenue estimates, likely due to elevated expectations and valuation.
• Workday (WDAY) reported strong 2Q earnings but lowered its FY revenue guidance, leading to a slight pullback in shares.
• PayPal (PYPL) shares dropped significantly after Bloomberg reported that Stripe and Advent abandoned a $50B deal for the company.

Financial markets are experiencing choppiness and uncertainty ahead of Kevin Warsh's speech at the Jackson Hole symposium, despite a recent rebound. Earnings reports for Marvell and Workday show mixed results, with Marvell falling due to high expectations and Workday lowering its FY guidance. PayPal's stock is down sharply following the abandonment of a potential $50B deal.