08:53 AM EDT, 08/21/2024 (MT Newswires) -- Financial stocks rose pre-bell Wednesday as the Financial Select Sector SPDR Fund (XLF) was recently up 0.1%. The Direxion Daily Financial Bull 3X Shares (FAS) was 0.7% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.5%. Wells Fargo's ( WFC ) non-agency third-party commercial mortgage servicing business...

Aug 21 (Reuters) - Wall Street's main indexes opened marginally higher on Wednesday, as investors awaited the release of the updated U.S. payrolls data and the minutes from the Federal Reserve's July policy meeting. The Dow Jones Industrial Average rose 46.1 points, or 0.11%, at the open to 40,881.03. The S&P 500 rose 6.0 points, or 0.11%, at the open...

NEW YORK (Reuters) -U.S. stocks rallied on Friday as dovish remarks from U.S. Federal Reserve Chair Jerome Powell solidified expectations that the central bank will cut its key policy rate in September. In highly anticipated comments before the Jackson Hole Economic Symposium, Powell said the time has come to lower the Fed funds target rate, and the upside risks of...

04:51 PM EDT, 08/23/2024 (MT Newswires) -- US benchmark equity indexes rose Friday after Federal Reserve Chair Jerome Powell said the time has come for monetary policy easing. The Nasdaq Composite jumped 1.5% to 17,877.8, while the S&P 500 advanced 1.2% to 5,634.6. The Dow Jones Industrial Average gained 1.1% to 41,175.1. All sectors closed higher, led by real estate's...