Dow Jones Edges Higher as Fed Chair Warsh Wraps Jackson Hole Speech
Updated
Updated · Investor's Business Daily · Aug 28
Dow Jones Edges Higher as Fed Chair Warsh Wraps Jackson Hole Speech
3 articles · Updated · Investor's Business Daily · Aug 28
Summary
U.S. stocks opened mixed Friday, with the Dow Jones Industrial Average inching higher as investors parsed Fed Chair Kevin Warsh’s closing remarks at Jackson Hole.
Warsh’s speech at the Federal Reserve’s annual Wyoming symposium was the session’s main macro catalyst, helping set the tone for early trading across the Dow, S&P 500 and Nasdaq.
Rubrik, Marvell Technology, Elastic and PayPal were among the market’s biggest individual movers as attention split between the Fed outlook and stock-specific action.
Affirm also stood out after a 7% surge earlier Friday, driven by stronger-than-expected fiscal fourth-quarter results and upbeat first-quarter revenue guidance.