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Dow Jumps on Warsh Speech Anticipation, Tech Stocks Retreat

Guavy AI Editorial Team
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The Dow Jones Industrial Average rose by 80 points on Friday as investors awaited Federal Reserve Chair Kevin Warsh's speech at the central bank's annual Jackson Hole symposium.

The S&P 500 and Nasdaq Composite were relatively unchanged, with the former up 0.09% and the latter down 0.01%. The technology sector was weaker, following a strong advance on Thursday after Nvidia's latest earnings report.

Gap shares jumped ~18.8% after the retailer appointed Michael Francis as CEO of Old Navy and raised its annual profit forecast.

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