Nasdaq, stocks cap week with gains after Powell's speech

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Nasdaq Composite News

Jerome Powell,Federal Reserve,Federal Reserve Chair

The Nasdaq Composite (^IXIC) leads the way for US stock market indexes (^DJI, ^GSPC) to close Friday's session higher, coming off of Federal Reserve Chair...

, coming off of Federal Reserve Chair Jerome Powell's remarks about September interest rate cuts in his Jackson Hole Economic Symposium speech from this morning. All three major averages capped the week off in positive territory over the past five trading sessions.Over time, let's see where the major averages ended the session.That's a game of 462 points.I do think it is worth noting that even though the NASDAQ gain the most today, the S and P equal weight also kept pace.

A lot of those sectors that are dependent on the state of interest rates doing well on the heels of this.

 

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