News Formal

Stock market today: S&P 500, Nasdaq notch longest win streaks of 2024 as August turnaround continues

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 20 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Nasdaq Composite Nyheter

Bespoke Investment,S&P 500

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

US stocks closed at session highs on Monday after posting their best week in a year as the markets continued to rally in a sharp turnaround from their early August sell-off. The S&P 500 rose nearly 1%. The Dow Jones Industrial Average also gained 0.6%, while the tech-heavy Nasdaq Composite increased roughly more than 1.4%.

Last week's rally recouped the losses stacked up in an early August sell-off as Wall Street fretted about cracks in the economy — concerns that have since been eased by encouraging inflation and consumer spending data. Focus is already turning to Fed Chair Jerome Powell's speech at the central bank's Jackson Hole symposium on Friday in a quiet week for economic data.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 47. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Stock market today: S&P 500, Nasdaq, Dow rise as wait for Powell beginsInvestors are counting down to a speech by Jerome Powell at Jackson Hole that could reset rate-cut expectations.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Stock market today: S&P 500, Nasdaq jump higher as key inflation data comes in coolInvestors are anxious for several economic datapoints this week, starting with inflation.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

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.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Stock market today: S&P 500, Nasdaq futures jump as key inflation data comes in coolInvestors are anxious for several economic datapoints this week, starting with inflation.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Stock market today: S&P 500, Nasdaq futures point higher with key inflation data loomingInvestors are anxious for several economic datapoints this week, starting with inflation.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »