News Formal

Here are 2 major themes to watch in the week ahead after Friday's market rally

  • 📰 CNBC
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 72%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

After Friday's strong finish, we'll see if the market's oversold condition abates as investors get new earnings and economic reports to digest.

The S & P 500 and Nasdaq managed to close higher for the week despite a pretty sharp pullback on Thursday ahead of Federal Reserve Chairman Jerome Powell's speech at the annual central bank summit in Jackson Hole, Wyoming on Friday morning. The Powell address proved to be pretty uneventful but not before completely overshadowing blowout earnings from Nvidia, possibly the most anticipated release of the season.

Traders work on the floor of the New York Stock Exchange during opening bell in New York City on August 21, 2023.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Investing Club's top things to watch in the stock market FridayStocks edge up in premarket trading after coming under pressure Thursday, ahead of a key speech from Fed Chair Jerome Powell.
Source: CNBC - 🏆 12. / 72 Read more »

Jackson Hole meeting: Stocks rise as markets prepare for Powell's Friday speechFollow along with MarketWatch's live coverage of the Federal Reserve's meeting in Jackson Hole, with a Friday speech by Chair Jerome Powell in the spotlight.
Source: MarketWatch - 🏆 3. / 97 Read more »