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Wongce
2021-08-28

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BUZZ-U.S. stocks weekly: Scaling the summit

** S&P 500 finishes week up 1.5%. SPX and the Nasdaq scale new heights as Powell's remarks at vi

BUZZ-U.S. stocks weekly: Scaling the summit

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SPX and the Nasdaq</p><p>  scale new heights as Powell's remarks at virtual Jackson Hole summit sooth taper fears   </p><p>   ** That said, the Dow Industrials Average    lifts, but is unable to join the new highs' party  </p><p>   ** Most sectors climb: Energy and financials soar, while defensive plays lose footing</p><p>   ** Energy    surges 7.3%. Group elevates as Storm Ida approaches Gulf of Mexico    </p><p>   ** Financials    jump 3.5%. Major banks gain ahead of highly anticipated Powell speech   and as Treasury yields lift  . S&amp;P 500 Banks index    leaps 5%</p><p>   ** Industrials    up 2.2%. Airline stocks ascend after Pfizer's    vaccine gets full approval  . NYSE Arca Airline index    rallies 10%</p><p>   ** Tech    up 1.4%. Microchip Tech    gains after chipmaker announces 2-for-1 stock split to help attract retail investors  . <a href=\"https://laohu8.com/S/CRM\">Salesforce</a>.com    rises on strong Q2 results, upbeat forecast  . 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SPX and the Nasdaq  scale new heights as Powell's remarks at virtual Jackson Hole summit sooth taper fears      ** That said, the Dow Industrials Average    lifts, but is unable to join the new highs' party     ** Most sectors climb: Energy and financials soar, while defensive plays lose footing   ** Energy    surges 7.3%. Group elevates as Storm Ida approaches Gulf of Mexico       ** Financials    jump 3.5%. Major banks gain ahead of highly anticipated Powell speech   and as Treasury yields lift  . S&P 500 Banks index    leaps 5%   ** Industrials    up 2.2%. Airline stocks ascend after Pfizer's    vaccine gets full approval  . NYSE Arca Airline index    rallies 10%   ** Tech    up 1.4%. Microchip Tech    gains after chipmaker announces 2-for-1 stock split to help attract retail investors  . Salesforce.com    rises on strong Q2 results, upbeat forecast  . Philly chip index    advances 5.5%   ** Consumer Staples    slip 1.4%. 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