![U.S. Federal Reserve Chair Jerome Powell speaks at a news conference on interest rates, the economy and monetary policy actions on June 15, 2022.](https://media.nbcdfw.com/2024/08/108004603-1720709606773-gettyimages-1241330676-AFP_32CK723.jpeg?quality=85&strip=all&resize=320%2C180)
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Here's what CNBC TV's producers were watching on Thursday and what's on the radar for Friday's session.
Fed Chief Jay Powell
- Federal Reserve Chair Jerome Powell speaks at 10 a.m. ET on Friday from the Fed's annual conference in Jackson Hole, Wyoming. CNBC TV will have it live.
- Going into the speech that much of the market is hanging on, the U.S. 10-year Treasury yield is 3.85%.
- The yield on the 2 year Treasury is 4.01%.
- The yield on the 1 year is 4.46%.
- The yield on the 6 month is 4.93%.
- The yield on the 3 month is 5.17%.
- The 1 month yield is 5.32%.
- The SPDR Bloomberg High Yield Bond ETF (JNK) is yielding 6.5%, as of tonight.
- The Fidelity Corporate Bond ETF (FCOR) is yielding 3.97%, as of tonight.
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Stock indexes ahead of Powell
- The S&P 500 Index is 1.75% from a 52-week high it hit a month ago.
- The Dow Jones Industrial Average is 1.6% from the 52-week high it hit in mid-July.
- The Nasdaq is 5.6% from its 52-week high, which it hit about a month ago.
Walgreens and Walmart
- Walgreens is now back to lows not seen since April of 1997 — 27 years ago.
- Walgreens is down 8% in four days and down 15.5% in August.
- Walmart on the other hand hit an all-time high today.
- The stock is up 3% in four days and up 10% in August.
Meta
- The social media stock hit an all-time high today.
- Meta Platforms is up 12% in August.
The insurance stocks
- Four insurance companies hit all-time highs on Thursday. (Thanks to Chris Hayes for the stats.)
- Arch Capital hit an all-time high today. The stock is up 11% in August and 43% in 2024.
- Aflac hit an all-time high today. The stock is up about 12% in August and 29% in 2024.
- Arthur J. Gallagher hit an all-time high. The stock is up 7% over the past month and 30% year to date.
- Brown & Brown hit an all-time high today. The stock is up 11% in a month, and about 46% in 2024.
- The S&P Insurance Industry is up 2.7% in August and 24% in 2024.
Health care in the USA
- Several health care related stocks also hit all-time highs Thursday.
- AbbVie is on the list. The stock is up 6% in August.
- Boston Scientific is up 7.7% in August.
- HCA Holdings is up 5.5% in August.
- Intuitive Surgical is up 10.3% in August.
- Eli Lilly is up 18.6% in August.
- Universal Health Services is up 7.3% in August, and 26% in a full month.
REITs on a run
- Extra Space Storage is trading at a 21-month high. The stock is up 9% in August.
- Public Storage is at a 23-month high. The stock has gained 12.6% in August.
- Simon Property Group is near a three-year high. The mall operator is up nearly 6% in August.
- UDR is at a 13-month high. The stock is up more than 6% in August.
- Equity Residential is at a 23-month high. The stock is up 4.3% in August.
European stocks
- The Europe STOXX 600 is now up eight of the last nine days.
- This index is up 3.3% in that time period.
- It is still 8% from its June 3 high.
Copyright CNBC