WALL ST EXTENDS WINNING STREAK AHEAD OF JACKSON HOLE MEET
The S&P 500 and the Nasdaq rose for an eighth straight session on Monday as concerns around an impending recession abated and markets zeroed in on Federal Reserve Chair Jerome Powell's speech at Jackson Hole later this week.
All three indexes notched up their best week of the year on Friday - a sharp turnaround from an equities selloff earlier in the month triggered by July unemployment data that fanned worries about the health of the world's biggest economy.
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