Schwab Market Update Audio Charles Schwab

The Dow Jones Industrial Average ended at a five-week high, although the broader market was otherwise mixed ahead of key inflation updates.

The S&P 500 index ended near a four-week high as renewed hopes for lower interest rates encouraged investors.

The S&P 500 index hits its highest close in almost four weeks after the jobs report and Fed leader comments drove renewed optimism over rates.

The S&P 500 index climbed to a three-week high after the Labor Department reported weaker-than-expected payroll growth, boosting rate cut hopes.

The S&P 500 index ends a two-day slide as investors took encouragement from Fed leader's comments and await the Labor Department update.

Fed policy leaders held benchmark rates unchanged as expected, but Powell encouraged investors by saying further increases are unlikely.