U.S. stocks opened steady, the market focused on the central bank's annual meeting and retail earnings tide

US stocks opened broadly steady on Monday as the market focused on a White House meeting on the Russia-Ukraine conflict and traders prepared for this week's upcoming retail earnings and Jackson Hole annual meeting. The three major US stock indexes opened slightly higher and lower. Karl Schamotta, chief market strategist at Corpay, said the market was confident that the Federal Reserve would cut interest rates in September, but data released over the past two weeks did not provide a solid basis for easing.