Fed Chair, Jerome Powell and interest rates
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The S&P 500, one of the broadest index of stocks, climbed 1.5%, while the tech-focused Nasdaq increased 1.9%. The 30-stock Dow Jones Industrial Average also jumped about 1.9%, closing at a fresh all-time high.
The Dow, the S&P 500, and the Nasdaq Composite soared after of Fed Chair Jerome Powell's speech at Jackson Hole.
Business Insider has you covered from every angle as investors gear up for Jerome Powell's Jackson Hole speech on Friday.