A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on.
But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.
Curious to know what's happening on the US markets one hour before the close of the markets on Friday? Join us as we explore the top gainers and losers in today's session.
Looking for insights into the US markets in the middle of the day on Friday? Delve into the top gainers and losers of today's session and gain valuable market intelligence.
The buy-now-pay-later firm reported adjusted earnings of $0.69 per share for the three months ended June 30, while Wall Street expected it to post $0.58 per share.
SEZZLE INC (SEZL) combines strong revenue & earnings growth with bullish technical patterns, making it a top high-growth stock pick. Explore its breakout potential now.
WDC, STX, and SEZL have all posted massive rallies, but elevated RSI readings now signal that these overbought stocks may be due for a near-term pullback.
