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Wall St ends higher after Fed chief's comments, but notches weekly loss


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Published in Stocks and Investing on Saturday, March 8th 2025 at 1:41 GMT by Reuters   Print publication without navigation

  • U.S. stocks finished higher on Friday, rebounding from early declines after Federal Reserve Chair Jerome Powell said the economy was "in a good place," but stocks still posted a weekly loss on uncertainty about U.

The article from Reuters discusses the anticipation surrounding the U.S. nonfarm payrolls data for February, expected to show a 200,000 job increase, and Federal Reserve Chair Jerome Powell's upcoming testimony to Congress. Investors are particularly focused on these events as they could influence the Federal Reserve's interest rate decisions. Futures for major U.S. stock indexes edged higher, reflecting cautious optimism. The market is also reacting to recent economic indicators like a drop in weekly jobless claims and a slight rise in unemployment, alongside comments from Fed officials suggesting a cautious approach to rate cuts. Additionally, the article mentions the impact of corporate earnings, with companies like Costco and Broadcom reporting, and the broader market sentiment influenced by economic data from China and Europe.

Read the Full Reuters Article at:
[ https://www.reuters.com/markets/us/futures-inch-up-with-payrolls-data-powells-remarks-tap-2025-03-07/ ]

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