Friday was a great day for the stock market, as investors celebrated comments from Fed chairman Jerome Powell. Market participants took Powell's comments as signaling a measured approach to improving economic conditions, with a likelihood that the central bank will start to ease up on its purchases of bonds but will be patient before taking more-aggressive action on interest rates. Affirm Holdings (NASDAQ: AFRM) made a big move that brought its stock to its best levels since February, and based on the news, that could prove to be just the beginning of a more extensive move come Monday. Read More...
Friday was a great day for the stock market, as investors celebrated comments from Fed chairman Jerome Powell. Market participants took Powell’s comments as signaling a measured approach to improving economic conditions, with a likelihood that the central bank will start to ease up on its purchases of bonds but will be patient before taking more-aggressive action on interest rates. Affirm Holdings (NASDAQ: AFRM) made a big move that brought its stock to its best levels since February, and based on the news, that could prove to be just the beginning of a more extensive move come Monday.
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