Reported about 2 months ago
The stock market ended positively on Friday, marking the best week of 2024 for major indexes, spurred by a rally on Thursday that recouped losses from earlier in the month. Consumer sentiment improved in August for the first time in five months, with significant contributions from positive retail sales and corporate earnings, leading investors to reassess fears of a recession. With rising odds of a rate cut by the Federal Reserve, attention is now on next week's Jackson Hole Symposium, where Fed Chair Jerome Powell is expected to speak.
Source: YAHOO