Stock Market Today: S&P 500 in best week of 2024 as revived bulls resume march

Investing.com-- The S&P 500 closer higher Friday, notching its best week this year as easing fears over the economic triggered a wave of dip buying in stocks following the recent market turmoil.survey data released Friday showed that consumer sentiment rebounded in August for the first time since August, cooling further worries about the economy.“

We expect Chair Powell will lay out a case for an orderly withdrawal of monetary policy restrictiveness in a speech at Jackson Hole the morning of Friday, August 23, and by orderly, we mean 25 bp rate cuts, rather than 50 bp,” economists at UBS said in a recent note.) stock rose 0.5% even as the National Highway Traffic Safety Administration said on Friday the auto giant is recalling about 85,000 Explorer SUVs equipped with the Police Interceptor Utility package over concerns of an engine fire.

Rocket Lab jumped more than 16% after the space company packed and shipped two spacecrafts destined for Mars to Cap Canaveral, marking its first mission to another planet. The twin spacecraft, set for launch next month, will support NASA’s Escape and Plasma Acceleration and Dynamics Explorers mission.

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