Stocks Close Higher Ahead of Jackson Hole Speeches


Shares rose Thursday as buyers reviewed a batch of financial knowledge and awaited the annual gathering of central bankers in Jackson Gap, Wyo.

Shares have now gained in two straight periods as cash managers await Federal Reserve Chairman Jerome Powell’s speech in Wyoming on Friday. Some anticipate him to make the case for plowing forward with interest-rate increases to curb decades-high inflation, a stance that might take the wind out of the rally that took off in mid-June. One other merchandise on the checklist of buyers’ issues is a serious slowdown in China’s economy.


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