Reported about 2 months ago
US stocks closed at session highs on Monday, with the S&P 500 and Nasdaq reaching their longest winning streaks of the year amid a market rebound from earlier losses. The S&P 500 rose nearly 1% while the Nasdaq jumped over 1.4%, driven by strong performances from technology and consumer discretionary sectors, notably Nvidia and Tesla. Market anticipation is growing ahead of Fed Chair Jerome Powell's speech at the Jackson Hole Economic Symposium, as signs of economic resilience and reduced recession risks emerge.
Source: YAHOO