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Technology stocks rise as investors await Federal Reserve Chair Kevin Warsh’s Jackson Hole speech

Technology stocks surged on Thursday after a strong earnings report and positive outlook from chipmaker Nvidia boosted investor confidence.

The rally helped lift major U.S. stock indexes, even as most other sectors recorded losses. Nvidia shares jumped sharply following the company’s latest earnings report and upbeat outlook

Investors, however, are now turning their attention to Federal Reserve Chair Kevin Warsh, who is scheduled to speak at the Jackson Hole economic symposium.

Markets are closely watching Warsh’s speech for clues about the Federal Reserve’s future monetary policy, particularly its approach to interest rates and inflation.

The focus comes as several Federal Reserve officials have continued to express concerns about inflation. Investors are therefore looking for signals that could influence expectations for future interest-rate decisions.

For investors, Warsh’s Jackson Hole address could provide important guidance on the direction of the U.S. economy and financial markets in the months ahead.

GistZone will continue to bring you the latest updates from global financial markets.