SPDR Dow Jones Industrial Average ETF (DIA)

Wall Street moved modestly higher by midday Friday, yet major indexes remain on pace to break a three-week winning streak. At midday, the S&P 500 was up 0.4% to 6,630, while the Nasdaq 100 gained 0.2% to 24,440. The Russell 2000, the benchmark small-cap index, rebounded 0.5%.

The BEA’s personal income and spending report for August is expected to show a 2.7% year-over-year increase in the personal consumption expenditure (PCE) index, up from the 2.6% rate in July.

Wall Street retreated on Thursday, with major indexes heading for a third straight day of losses as stronger-than-expected economic data reduced hopes for near-term Fed rate cuts and lifted the dollar.

In an interview with CNBC, the Citadel founder predicted only one more rate cut this year.

Signatories include former Federal Reserve Chairs Alan Greenspan, Ben Bernanke, Janet Yellen and others.

Continuing claims, an indicator of the size of the total unemployed population, increased by 2,000 to 1.92 million.

The last leg of September is here, and a new pattern is emerging that could lead to one of the most explosive quarters we've ever seen.

Wall Street traded lower on Wednesday, extending the previous day's risk-off mood sparked by Federal Reserve Chair Jerome Powell's remarks

The Fed Chair made the remarks while speaking at an event in Providence, Rhode Island.

Wall Street paused on Tuesday after three straight sessions of strong gains that pushed major large-cap indices to fresh records.

Wall Street is on track for its third straight day of gains, with major large-cap indices extending records as investors remain optimistic about corporate earnings and upcoming rate cuts.

Last Friday, all the major averages hit new highs, while the small-cap-focused Russell 2000 managed to scale a new intraday peak.

Wall Street kept driving equity valuations higher on Friday, extending the momentum from Thursday when all major U.S. benchmarks closed at record highs following the Federal Reserve's rate cut.