S&P 500 Is Set to Close Out Its Best Week of 2024: Markets Wrap

Stocks headed toward their best week this year as a handful of economic data did little to alter bets the Federal Reserve will kick off its rate cuts in September.

Equities extended their advance into a seventh straight session, with the S&P 500 on track for its best performance in such a span since October 2022. Just a week ahead of Jerome Powell’s speech in Jackson Hole, Wyoming, traders hope the Fed Chair will set policy expectations for the remainder of the year. While officials have been able to successfully bring down inflation, the labor market is still ...