Treasury yields tumbled in the bond market after the release of the text of Powell’s speech.

The S&P 500 dipped 0.4% and was on track for a fifth straight modest loss since setting an all-time high last week.

The S&P 500 looks like it will break a five-day losing streak.

Treasury yields tumbled in the bond market after the release of the text of Powell’s speech.

The Federal Reserve chair gave prepared remarks at the Fed’s annual economic symposium in Jackson Hole, Wyoming.

LONDON: Stocks rose and US Treasury yields and the dollar fell on Friday after Federal Reserve chair Jerome Powell pointed to a possible rate cut at the central bank’s September…