US stocks closed at session highs on Monday after posting their best week in a year as the markets continued to rally in a sharp turnaround from their early August sell-off. The S&P 500 rose nearly 1%. The Dow Jones Industrial Average also gained 0.6%, while the tech-heavy Nasdaq Composite increased roughly more than 1.4%.
Last week's rally recouped the losses stacked up in an early August sell-off as Wall Street fretted about cracks in the economy — concerns that have since been eased by encouraging inflation and consumer spending data. Focus is already turning to Fed Chair Jerome Powell's speech at the central bank's Jackson Hole symposium on Friday in a quiet week for economic data.
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.
Stock market today: S&P 500, Nasdaq, Dow rise as wait for Powell beginsInvestors are counting down to a speech by Jerome Powell at Jackson Hole that could reset rate-cut expectations.
Read more »
Stock market today: S&P 500, Nasdaq jump higher as key inflation data comes in coolInvestors are anxious for several economic datapoints this week, starting with inflation.
Read more »
Stock market today: S&P 500, Nasdaq rip higher as key inflation data comes in coolInvestors are anxious for several economic datapoints this week, starting with inflation.
Read more »
Stock market today: S&P 500, Nasdaq futures jump as key inflation data comes in coolInvestors are anxious for several economic datapoints this week, starting with inflation.
Read more »
Stock market today: S&P 500, Nasdaq futures point higher with key inflation data loomingInvestors are anxious for several economic datapoints this week, starting with inflation.
Read more »