All eleven sectors of the S&P 500 were trading higher Friday afternoon, as the U.S. stock market broadly climbed after Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Policy Symposium in Wyoming.
The sharpest sector gains were in energy, consumer discretionary, industrials and utilities, all up at least 1%, according to FactSet data at last check. Major U.S. stock benchmarks were rising in late afternoon trading Friday, with the S&P 500 SPX and Dow Jones Industrial Average DJIA each advancing 0.9% while the tech-heavy Nasdaq Composite COMP climbed 1.1%. The S&P was heading for a weekly gain of...
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
US Indices’ Upside Could be Capped: S&P 500, Nasdaq Price SetupsUS indices may have rebounded in recent days, thanks to earnings and the retreat in US yields. But the deep decline since last month has left a scar on the broader uptrend, one that could be hard to fill soon.
Source: DailyFX - 🏆 305. / 63 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »