Dow Climbs Ahead of Powell Speech | MENAFN.COM – MENAFN.COM

Dow Climbs Ahead of Powell Speech | MENAFN.COM – MENAFN.COM

(MENAFN - Baystreet. ca) Dow Climbs Ahead of Powell Speech Advertisment Stocks edged higher Friday ahead of the Federal Reserve's annual Jackson Hole symposium with investors looking for more details into the central bank's plans to taper monetary stimulus. The Dow Jones Industrials recovered 102. 25 points to begin the week's final session at 35, 315. 37The S&P 500 restored 13. 91 points to 4, 483. 91. The NASDAQ Composite restocked 41. 41 points to 14, 987. 22. Shares of Gap gained nearly 5% after the apparel retailer's quarterly earnings report beat on top and bottom lines, while Peloton shares dropped after the exercise equipment company's fourth-quarter financial results missed Wall Street estimates. Peloton fell 7. 5%. Energy stocks were higher, after being among the hardest hit on Thursday. Occidental Petroleum climbed 3% while Diamondback, Devon Energy and Halliburton rose more than 2%. The three major stock averages are all set to close the week in the green. The Dow is up 0. 3% week-to-date, while the S&P 500 is up 0. 6% and the NASDAQ is 1. 6% higher. Investors also await a consumer sentiment reading to be released Friday morning. Prices for 10-Year Treasurys were unchanged, keeping yields