Markets Celebrate Powell's Jackson Hole Comments
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U.S. stocks soar, with the Dow scoring a record high, after Fed Chair Powell suggested it was time to consider rate cuts again.
Walmart earnings are in early focus before the highly anticipated start of the Federal Reserve's gathering at Jackson Hole.
By Elizabeth Howcroft PARIS (Reuters) -European stock markets fell slightly in early trading on Thursday, hovering just below recent highs, as traders avoided making big moves and waited for the Federal Reserve's three-day annual Jackson Hole symposium.
The vibes are different today. The S&P 500 has returned 60%, dividends included, since Jackson Hole three years ago. While it’s true that investors remain skeptical, they are also a lot wealthier, thanks to the AI-fueled bull market and record-high corporate earnings .
Liquidity constraints pose a significant challenge for BTC bulls looking to engineer a steep uptrend well into the year-end.
Previously unloved stocks are making a big comeback before Jackson Hole, the Federal Reserve’s annual summer economic summit