Wall Street has gained ground on Friday as investors react positively to Federal Reserve Chair Jerome Powell's speech at Jackson Hole. The tech focused Nasdaq Composite (COMP:IND) has risen by  1.9%.

Both Wall Street and the White House will be paying close attention to Fed Chair Jerome Powell’s high-profile speech Friday at the Fed’s annual economic symposium in Jackson Hole, Wyoming.

Markets bet on a September Fed rate cut at Jackson Hole, but sticky inflation, Trump tariffs, and Powell’s framework review could derail expectations.