2 Stocks Soaring on FAANG News

Last week's Jackson Hole Symposium shed light on the Fed's plan for interest rates

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Schaeffer's Midday Market Check
8/30/2021
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S&P 500, Nasdaq Nab Fresh Highs to Start the Week


By: Laura McCandless

The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) have both nabbed record intraday highs today, as the market extends last week's gains following central bank updates at the Jackson Hole Symposium. The Dow Jones Industrial Average (DJIA) is in the black midday as well, as investors watch for updates on the aftermath of Hurricane Ida in Louisiana, which has commodities and energy stocks in focus. 

Continue reading for more on today's market, including: 

  • Affirm stock is barreling towards its best day ever
  • Options traders target penny stock following an Apple satellite update.  
  • Plus, options traders target SDC; BBIG extends its rally; and ASTR plummets on failed rocket test.
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