Stocks opened with modest gains Monday, as investors looked ahead to this week's virtual gathering of policy makers for an annual symposium that will be highlighted by a Friday speech from Federal Reserve Chairman Jerome Powell. The Dow Jones Industrial Average DJIA, +0.55% rose 187 points, or 0.5%, while the S&P 500 SPX, +0.57% was up 0.5% at 4,464.67. The Nasdaq Composite COMP, +0.
83% advanced 0.5% to 14,795.51. The Kansas City Fed on Friday announced that its annual retreat in Jackson Hole, Wyoming, would be held virtually because of health concerns created by the continued spread of the delta variant of the coronavirus. Powell is scheduled to deliver a speech on Friday that will be watched for clues to the timetable for the eventual tapering of asset purchases by the central bank.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
$ZM
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
HSBC says it's time to buy these 3 airline stocks in ChinaNew for subscribers: HSBC says it's time to buy these 3 airline stocks in China. Check out CNBCPro today. Pro good luck Pro Wink wink … Short stock suggestions by CNBC Pro In other words 'these stocks are falling and I need you to purchase them so I can sell at a profit'.
Source: CNBC - 🏆 12. / 72 Read more »
Asia stocks stagger up from lows, mood fragileAsian shares bounced on Monday as a wave of bargain hunting swept beaten-down markets and China reported no new locally acquired COVID-19 cases for the first time since July, though the mood remained brittle overall.
Source: Reuters - 🏆 2. / 97 Read more »
MIDEAST STOCKS Most Gulf markets rebound; Saudi falls againMajor stock markets in the Gulf mostly rebounded on Sunday, after declining in the previous session, but falling oil prices continued to weigh on Saudi Arabia where the benchmark index extended losses.
Source: Reuters - 🏆 2. / 97 Read more »
These stocks can defend your investment portfolio from inflationOne way to have built-in protection from inflation is with real-estate investment trusts. Greg Kuhl, co-manager of the Janus Henderson Global Real Estate Fund named 3 areas within the real-estate sector he believes are especially appropriate right now: good luck
Source: MarketWatch - 🏆 3. / 97 Read more »