Stocks close higher ahead of Jackson Hole speeches

Stocks rose Thursday as investors scrutinized a batch of economic data and awaited the annual central bankers’ rally in Jackson Hole, Wyo.

Stocks have now gained in two straight sessions as fund managers await Federal Reserve Chairman Jerome Powell’s speech in Wyoming on Friday. Some expect him to argue for continued interest rate hikes to rein in decades-high inflation, a stance that could calm the winds of recovery that took off in mid-June. . Another item on investors’ list of concerns is a major slowdown in the Chinese economy.


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