Stock Market Today: Dow, S&P 500 Rise As Warsh Speech Starts; Marvell, Affirm, PayPal Are Big Movers
The Dow and S&P 500 rose despite a hawkish speech from Federal Reserve Chair Kevin Warsh regarding inflation. Meanwhile, database software provider Elastic saw stock gains while the Nasdaq composite fell.
Why it matters
Market movements and Federal Reserve commentary directly influence global investment strategies and economic outlooks.
Federal Reserve Chair Kevin Warsh's first Jackson Hole keynote speech left investors with ruffled feathers Friday as he signaled elevated inflation will be in sharp focus at the central bank's next meeting. Elastic (ESTC), a database software provider, bucked broader weakness and soared on the stock market today. The Nasdaq composite paced losses among major indexes by falling 0.5%. The...
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