The S&P 500 has gone 34 days without rising 1% in any of them
Gold continues to remain a buy on dips because central banks are in no hurry to raise interest rates
Continuing claims for state benefits fell to 2.78 million in the week ended Aug. 28.
European stocks retraced ahead of an ECB policy meeting on Thursday. The STOXX 600 benchmark was down 0.5% but just below its lifetime peak hit in August.
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Brent crude futures were up 22 cents, or 0.3%, to $73.25 a barrel at 0911 GMT
Continuing claims for state benefits fell to 2.7 million in the week ended Aug. 21.
Powell said US economy continued to make progress towards the central bank's benchmarks for reducing its pandemic-era emergency programs, but stopped short of signaling the timing for any policy shift
All the 11 major S&P sectors were up, with energy, materials and communication services jumping 1% each.
The STOXX index of 600 European companies, nudged 0.15% higher to 472.51 points, less than four points from its record high from earlier this month
Stocks in Asia, Europe and Wall Street futures all made gains, setting them on a recovery course after Chinese regulatory worries triggered a sell-off last week.
Signs of caution abound, even as U.S. stocks hover near record highs.
Wall Street opened sharply lower as investors digested data showing U.S. retail sales fell more than expected in July
A key jobs report due later in the day is expected to deliver further signs of growth in the United States
Shares of Robinhood Markets Inc soared almost 82% on Wednesday before paring gains, helped by a surge of interest from retail traders who have piled into the stock
With investors staring down hundreds of billions of dollars of losses this month alone, many are left wondering when this latest wave of regulatory crackdowns will end
Investors sold Amazon stock as the online retailer revenue of $113 billion in the second quarter was $2 billion shy of analysts' forecasts.
The pace of GDP growth reported by the Commerce Department on Thursday was, however, slower than economists had expected.
The Dow Jones Industrial Average (.DJI) fell 65.41 points, or 0.19%, at the open to 35,078.90.