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Stock market today: S&P 500, Nasdaq, Dow rise as wait for Powell begins

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Jerome Powell समाचार

Nasdaq Composite,Jackson Hole

Investors are counting down to a speech by Jerome Powell at Jackson Hole that could reset rate-cut expectations.

US stocks advanced on Monday after posting their best week in a year as investors began counting down to a speech by Fed Chair Jerome Powell at Jackson Hole that could reset rate cut expectations. The Dow Jones Industrial Average gained as much as 0.5%, or roughly 200 points, while the S&P 500 increased 0.4%. The tech-heavy Nasdaq Composite also increased 0.4%.

Focus is already turning to Powell's speech at the central bank's Jackson Hole symposium on Friday in a quiet week for economic data. As confidence in a "soft landing" for the economy grows — Goldman Sachs now sees a lower likelihood of recession — the question for investors isn't whether the Fed will lower interest rates in September but by how much. As of Monday morning, traders were pricing in a 72% chance the Fed will reduce rates by 0.

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

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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.
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Stock market today: S&P 500, Nasdaq rise, nearly wiping out week's losses in wild turnaroundA wild week on Wall Street is coming to a close.
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