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The Big Picture

Stock Market Posts Huge Weekly Gain, Triggers This; Powell Jackson Hole Speech Looms

MICHAEL LARKIN
05:36 PM ET 08/16/2024

The stock market ended a powerful week with another day of gains, spurring a further bullish shift. The release of the latest Federal Reserve minutes and a speech by Fed Chair Jerome Powell could move indexes in the coming week. The Nasdaq composite squeezed out a gain of 0.2% Friday, but the true story is its mammoth weekly gain of…

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