Stocks rose last week on expectations for a Federal Reserve rate cut, and Fed Chair Jerome Powell indicated the central bank would ease policy soon.
A busy week of earnings will include market engine Nvidia and major retail names like Best Buy and Abercrombie & Fitch. The Boeing Starliner capsule will come back to Earth empty, and the astronauts it carried into orbit will return on a SpaceX craft. Stocks jumped last week as investors looked toward an expected interest rate cut in September. Federal Reserve Chair Jerome Powell bolstered a solid run for stocks when he indicated the central bank would ease borrowing costs soon. All three major U.S. indexes gained more than 1% for the week and notched their second straight positive week. Economic data due this week includes jobless claims Thursday and personal consumption expenditures on Friday.
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