U.S. stocks closed higher on Wednesday, extending recent uptrend amid continued optimism about growth and on hopes the Federal Reserve might not begin tapering its bond-buying program anytime soon.
Investors looked ahead to the upcoming Jackson Hole Symposium. The Federal Reserve Chairman Jerome Powell is expected to provide cues on the central bank's tapering timeline.
At the virtual conference on Friday, the Federal Reserve's policymakers are expected to present a timeline for tapering the central bank's bond-buying program.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.