Stocks end mostly higher after jobs data, remarks by Fed's Powell

Stocks capped a positive week with small gains, maintaining a tight trading range Friday following a weaker-than-expected August jobs report and remarks by Federal Reserve Chairman Jerome Powell. The Dow Jones Industrial Average DJIA, +0.26% rose around 70 points, or 0.3%, to end near 26,798, according to preliminary figures, while the S&P 500 SPX, +0.09% rose around 3 points, or 0.1%, to finish near 2,979. The Nasdaq Composite COMP, -0.

See Full Story Dow, S&P 500 book 3rd day of gains, as stock market caps off solid week despite tepid jobs report The Dow and S&P 500 book slight gains on Friday, but the Nasdaq slumped, after a jobs report for August showed a fewer-than-expected 130,000 new jobs were created in the month. All three benchmarks finished sharply higher for the week.

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I wouldn't say Powell actually talked. He didn't mention anything about the central banks talking stimulus and rate cuts avoidance bearmarketiscoming

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Stocks are whipsawing as traders await a key US jobs report and Fed Chair Powell's speechTraders were divided ahead of monthly nonfarm payrolls data and the Federal Reserve Chair's comments.
Source: BusinessInsider - 🏆 729. / 51 Read more »