Reported about 2 months ago
This week, the market experienced a significant rebound, with the S&P 500 rising nearly 4% and tech stocks leading the way, following positive economic data that alleviated recession fears. Attention now turns to the Federal Reserve's Chair Jerome Powell, who is set to speak at the Jackson Hole Symposium, where investors are eager to hear potential hints about interest rate cuts. With recent inflation data supporting a 'soft landing' scenario, market sentiment remains cautiously optimistic as the S&P index approaches record highs.
Source: YAHOO