: Stocks higher in final hour of trading, extending Friday’s gains
All three major U.S. stock indexes were higher in Monday’s final hour of trading, with Dow industrials and the S&P 500 looking to secure their third session of gains in the past four trading days. Dow industrials and the S&P 500 each advanced 0.5%, while the Nasdaq Composite was up almost 0.7% as investors reflected on the more cautious tone of Friday’s Jackson Hole speech by Federal Reserve Chairman Jerome Powell. The S&P 500 and Nasdaq are looking to beat back their worst monthly performances since December, when they ended down by 5.9% and 8.7%, respectively, according to Dow Jones Market Data.
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