Stocks to Watch
Federal Reserve Chairman Jerome Powell left the door open to further rate increases, which had a positive impact on stocks. The S&P 500 and Nasdaq Composite both rallied, signaling optimism in the market.
The Economy
The strong economy is making the Fed's job tougher, but it is also a reason to buy stocks. Despite concerns about consumer spending and retailers, the S&P 500 enjoyed its first weekly gain in August.
Other Significant Events
Heard on the Street's Seventh Annual Stock Picking Series continued this week, featuring writeups of Toast, Bandai Namco, Gap, Marriott Vacations Worldwide, and more. The picks will continue to roll out through Sept. 1.
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