Markets News, Aug. 25, 2023: S&P 500, Nasdaq Rebound From Powell Comments to Close Winning Week

Ahmadur Rahman

Markets News, Aug. 25, 2023: S&P 500, Nasdaq Bounce back From Powell Remarks to Close Winning Week By COLIN LAIDLEY Refreshed August 25, 2023 Central bank Director Jerome Powell shows up for a gathering of the Monetary Soundness Oversight Board at the U.S. Depository. Kevin Dietsch/Getty Pictures  U.S. stocks bounced back from early misfortunes Friday to complete in the green after Central bank Seat Jerome Powell said the national bank is keeping its choices open for more loan cost climbs this year.  The Nasdaq drove stocks higher, acquiring 0.9% to wrap the week up 2.2%. The S&P 500 acquired 0.7%, completing 0.8% higher for the week. The Dow Jones Modern Normal likewise rose 0.7%, however fell 0.4% throughout the week.  Powell, talking on day two of the Kansas City Took care of's yearly Jackson Opening conference, expressed that while expansion had tumbled from its pinnacle, "it remains excessively high." He added, "We are ready to raise rates further if suitable, and expect to hold strategy at a prohibitive level until we are certain that expansion is dropping economically down toward our goal."  European stocks surrendered gains in the early evening yet at the same time completed somewhat higher. Asian values fell, with the Japanese Nikkei List tumbling over 2%.  Stocks sank yesterday in spite of one more quarter of surprisingly good profit from Nvidia (NVDA). The Nasdaq fell 1.9%, deleting Wednesday's huge additions, while the S&P 500 lost 1.4% and the Dow Jones Modern Normal fell 1.1%.Markets News, Aug. 25, 2023: S&P 500, Nasdaq Rebound From Powell Comments to Close Winning Week

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