Fed reactions, volatility trends, gold: Market Takeaways

Yahoo Finance Video
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The Dow Jones Industrial Average (^DJI) added over 460 points, or 1.1%, in Friday's session, nearing its all-time high. Meanwhile, the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) rose by 1.15% and 1.47%, respectively, following commentary from Federal Reserve Chair Jerome Powell in his speech at the Jackson Hole Economic Symposium earlier Friday morning.

Yahoo Finance Reporter Jared Blikre joins Market Domination Overtime to break down the biggest market movements in the August 23 trading session.

In addition to the broad market gains, Blikre also notes the momentum behind rising gold prices (GC=F) in its latest rally, the Fed's signaling about interest rate cuts to come in September, and downward trends in the volatility index (^VIX).

Watch Federal Reserve Chair Jerome Powell's full speech here.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Nicholas Jacobino