S&P 500, Nasdaq, Oil Surge
This is a Jackson Hole news story, published by CNBC, that relates primarily to Jerome Powell's news.
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AMDCNBC
•CNBC Daily Open: Wall Street extends winning run
87% Informative
The S&P 500 and the Nasdaq Composite rose for the eighth straight session, up 0.97% and 1.39% .
The yield on the 10-year Treasury was little changed as investors await minutes of the Federal Reserve's meeting and Jerome Powell's speech at Jackson Hole on Friday .
GM laying off over 1,000 salaried employees globally in its software and services division, following a review to streamline operations.
Hatzius doesn't believe Powell will allow himself to be "nailed down" on what the Fed 's next move will be.
"I think it much more likely that things would look good enough for a series of 25 basis point cuts to do the job," he said.
"If the data supports 50 [basis points], they should do 50 , and I think they will do 50 but I think it.
VR Score
93
Informative language
93
Neutral language
72
Article tone
formal
Language
English
Language complexity
43
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
26
Source diversity
1
Affiliate links
no affiliate links