NEW YORK, Aug 25 — US shares started the trading day on a positive note today, buoyed by encouraging economic news, even as investors are bracing for more tough inflation talk from Federal Reserve Chair Jerome Powell.
The broad-based S&P 500 gained 0.7 per cent to 4,169.73, while the tech-rich Nasdaq Composite Index increased 0.9 per cent to end at 12,545.44. Peter Cardillo of Spartan Capital said “investors have been spooked” all week by Powell’s speech Friday at the central banking symposium in Jackson Hole, Wyoming.
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