Reported about 2 months ago
US stocks experienced gains on Monday, following their strongest week in a year, with the Dow Jones rising by over 200 points and the S&P 500 on track for its longest winning streak of 2024. Investors are eagerly awaiting Fed Chair Jerome Powell's speech at the Jackson Hole Economic Symposium, which could influence future interest rate cuts. Market sentiment improved as fears of a recession eased, bolstered by positive economic data. Additional retail earnings, including reports from Lowe's and Target, are anticipated, providing further insights into consumer health.
Source: YAHOO