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Associated Press27d agoneutral
How major US stock indexes fared Friday 8/28/2026

The bond market swung as investors built bets that the Federal Reserve may hike interest rates soon to get the nation’s high inflation under control. U.S. stocks, meanwhile, dipped Friday but not by much after economists said a speech by Chairman Kevin Warsh helped strengthen faith that the Fed will do what’s needed to bring inflation down, even if it causes pain for the economy in the short term. The Nasdaq composite fell 138.93 points, or 0.5%, to 26,402.42.

Stocks Extend Gains
The Wall Street Journal27d agoneutral
Stocks Extend Gains

Major indexes have extended gains since Fed Charmain Kevin Warsh concluded his speech. A more hawkish outlook from the central bank leader isn't bothering stock investors. "The market seems to be reacting exactly the way the Fed wants, short term rates are higher while long term rates are marginally lower following his comments," said Larry Holzenthaler, senior portfolio manager at Catalyst Funds.

Stocks Are Picking Up Steam Despite Rising Rate-Hike Odds
Barrons.com27d agoneutral
Stocks Are Picking Up Steam Despite Rising Rate-Hike Odds

The stock market picked up steam even as odds of a September interest-rate hike rose in the wake of Kevin Warsh's hawkish remarks. The Nasdaq Composite gained 0.5%. Warsh's first speech at Jackson Hole since taking over as Fed chair had traders upping bets on a September rate hike.

Stocks Whipsaw as Warsh Speaks
Barrons.com27d agoneutral
Stocks Whipsaw as Warsh Speaks

Stocks were struggling to find direction on Friday after Kevin Warsh began his Jackson Hole speech. The Nasdaq Composite was down 0.2%. The tone of Warsh's speech was more hawkish than his prior comments since taking over as chairman.