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September 01, 2020 1:37pm
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RPT-BUZZ-U.S. stocks weekly: On a high

(Repeats from Friday. Updates chart) ** S&P 500 advances 0.8% as Fed chief Powell sends strong signal of an interest rate cut later this month ** All three major averages close at record highs, though there still may be trouble ahead ** Indeed, the SPX may be running out of time and space , just as the NYSE may be running out of gas ** And this with the Dow Industrials and Dow Transports out of sync ** Majority of sectors gain: Energy and consumer discretionary most buoyant
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