: S&P 500 on pace to snap weekly losing streak as all its sectors trade up Friday afternoon

All eleven sectors of the S&P 500 were trading higher Friday afternoon, as the U.S. stock market broadly climbed after Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Policy Symposium in Wyoming. The sharpest sector gains were in energy, consumer discretionary, industrials and utilities, all up at least 1%, according to FactSet data at last check. Major U.S. stock benchmarks were rising in late afternoon trading Friday, with the S&P 500 SPX and Dow Jones Industrial Average DJIA each advancing 0.9% while the tech-heavy Nasdaq Composite COMP climbed 1.1%. The S&P was heading for a weekly gain of 1%, on pace to snap three straight weeks of losses.

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