Stock Market Midday, Aug. 28: Stocks Edge Higher on Fed's Clear Inflation Message
Fed officials signal more work ahead on inflation, keeping investors cautious as major indexes trade with modest gains, today, Aug. 28, 2026.
Overview
As of 11:48 AM ET, the S&P 500 (SNPINDEX:^GSPC) is up 0.20% to 7,747, the Nasdaq Composite (NASDAQINDEX:^IXIC) has gained 0.14% to 26,561, and the Dow Jones Industrial Average (DJINDICES:^DJI) has climbed 0.17% to 53,658 as investors digest policy signals from the Jackson Hole symposium.
Gold prices have slipped 1.63% to $4,535.27, and the 10-Year Treasury yield is up 0.04% to 4.70%. Communication services stocks are the leading sector gains, while industrials and healthcare stocks are trading lower.
Details
Shares of Elastic are up more than 18% following its quarterly earnings release, echoing yesterday's surge by Salesforce and suggesting artificial intelligence (AI) does not necessarily spell doom for software stocks. Payment network Affirm Holdings also advanced this morning. Marvell Technology sank more than 9%, despite an earnings beat, and Rubrik, which also reported solid results, was down 11% at midday.
Source
Originally published at www.fool.com.