The Dow logged its first record close of the year and bond yields fell after Federal Reserve Chair Jerome Powell struck an upbeat tone on a September interest-rate cut.

If the S&P 500 breaks below 6,200, that's a sign the stock market may be headed for a more serious decline, Bank of America said.

Fed Chair Jerome Powell seems ready to cut interest rates in the fall but will still rely on incoming economic data about inflation and employment.

Federal Reserve Chair Jerome Powell is set to speak from Jackson Hole at 10 a.m. Investors will read into the speech for clues about interest-rate cuts and inflation. Follow along for live updates on the Dow,

U.S. stock futures rose on Friday following Thursday's declines. Futures of major benchmark indices were higher.

Oracle Corp. closed 9.39% below its 52-week high of $260.87, which the company reached on July 31st.

The major indexes close the day with losses on Thursday after wavering earlier in the session. Palantir stock adds suspense.

President Trump's tariffs continue to affect global markets and the economy. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.