Wall Street's main indexes rose on Wednesday as upbeat earnings from retail...
Fed Chair Jerome Powell is scheduled to speak on Friday at the Jackson Hole, Wyoming, central bankers’ conference. Several market strategists said Powell’s comments at the conclave would offer greater insight on the course of monetary policy than the minutes from the July Fed meeting given developments since then, including U.S. President Donald Trump’s announcement of tariffs on an additional $300 billion worth of Chinese goods.
On Wednesday, the nonpartisan Congressional Budget Office said changes in U.S. and foreign trade policies since January 2018 would reduce inflation-adjusted U.S. gross domestic product by 0.3% from what it would be otherwise by 2020. FILE PHOTO: Traders work on the floor at the New York Stock Exchange in New York, U.S., August 14, 2019. REUTERS/Eduardo Munoz
The S&P 500 posted 31 new 52-week highs and five new lows; the Nasdaq Composite recorded 59 new highs and 67 new lows.
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