Investors are coming off a positive session for the major averages Wednesday.
gained 0.54%. It was also the fourth straight positive day for the 30-stock Dow and the Nasdaq.
These gains helped the major averages trim their monthly losses. The Dow and S&P 500 are each lower by more than 1% in August, while the Nasdaq is off by more than 2%. Investors digested weaker-than-expected payrolls data and annual gross domestic product growth forecast that nevertheless suggested the Federal Reserve could soon be done hiking rates, boosting equities.
"If we think about the Fed, they're looking at growth, they're looking at jobs and inflation. And if all three are going in their direction, meaning in their favor, then you can make a case that the Fed is probably done with tightening," Hightower's Stephanie Link said on CNBC's "
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