How Major US Stock Indexes Fared Wednesday Aug. 24, 2022

How Major US Stock Indexes Fared Wednesday Aug. 24, 2022
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The Associated Press
Updated:

Stocks closed modestly higher as Wall Street recovered some of this week’s steep losses ahead of a highly anticipated speech by the Federal Reserve chair later this week.

The S&P 500 ended 0.3 percent higher Wednesday. The Dow Jones Industrial Average and Nasdaq also inched higher. Trading has been quiet the last two days ahead of a speech on Friday by Jerome Powell. Investors hope he’ll offer clarity about where interest rates are heading.