NYSE
- US stocks climbed as investors tried to power past hawkish comments from Jerome Powell a day earlier.
- The Fed chief warned Thursday that further policy tightening is still on the table.
- The S&P 500 is coming off its first losing day after eight straight winning sessions.
US stocks climbed Friday after the S&P 500 snapped an eight-day winning streak in Thursday's session.
Investors are trying to power past hawkish commentary from Federal Reserve Chair Jerome Powell, as he cautioned that more rate hikes are still on the table and the central bank isn't convinced it's done enough to declare mission accomplished.
"If it becomes appropriate to tighten policy further, we will not hesitate to do so," Powell said. He cautioned that adding that the Fed must not be "misled" by a string of promising inflation readings.