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Jerome PowellWall Street pointed modestly higher before the bell Friday as markets tried to snap a weeklong losing streak ahead of widely anticipated speech by Federal Reserve Chair Jerome Powell. Futures for the S&P 500 added less than 0.1%, while those for the Dow Jones Industrial Average rose 0.1%. Nasdaq composite futures inched up 0.1%. The S&P 500 has closed lower for five straight days heading into Friday, its longest such streak since January. Nvidia…See the Story
Fed Chair Jerome Powell to Give Jackson Hole Speech as Traders Await Cues on US Monetary Policy
Coverage: 10 sources
United States · United StatesThe U.S. Census Bureau and HUD report that housing starts climbed 5.2 percent in July, reaching 1.428 million units, the strongest pace in five months. This surge traces mainly to a sharp 11.6 percent increase in multi-family construction, which hit its highest level since May 2023. Single-family starts rose 2.8 percent, to 939,000 units, marking […]See the Story
New Home Construction Rebounds in July but Future Plans Stall
Coverage: 2 sources
