Dow Jones sheds 178 points as investors wait on Jackson Hole

NEW YORK, New York - U.S. stocks were in retreat Thursday as investors sobered up ahead of Fed Chair Jerome Powell's widely anticipated speech at the Economic Symposium at Jackson Hole, Wyoming on Friday.

"There really isn't a lot of news either on the macro or company side," Tom Martin, senior portfolio manager of GLOBALT Investments in Atlanta told Reuters Thursday. "Jobless claims were inline, existing home sa