The Nasdaq Composite (^IXIC) leads the way for US stock market indexes (^DJI, ^GSPC) to close Friday’s session higher, coming off of Federal Reserve Chair Jerome Powell’s remarks about September interest rate cuts in his Jackson Hole Economic Symposium speech from this morning. All three major averages capped the week off in positive territory over the past five trading sessions.
Julie Hyman and Alexandra Canal report on the day’s market and sector action in response to future rate cut relief.
Watch Federal Reserve Chair Jerome Powell’s full speech here.
For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.
This post was written by Luke Carberry Mogan.
