With inflation eating into your savings, relying solely on your nine-to-five paycheck might not be enough. This is where investing comes in. The stock market is in the red again, with major indexes wobbling on renewed concerns about economic growth and interest rate policy.

NIO's shift to affordability with the new ES8 and rising margins boosts its growth outlook and path to profitability. Find out why NIO stock is a buy.

Stocks in areas like airlines, lithium, solar, and homebuilding are being propelled by some bullish near-term catalysts, Ned Davis Research said.

Shares were up in early trading. Then came Powell’s speech, where he noted weakening labor-market conditions, paving the way for a September interest-rate cut. The stock soared, gaining 6.2% to close at $340.01. The S&P 500 and Dow Jones Industrial Average rose 1.5% and 1.9%, respectively. For the week, the stock rose 2.9%.

Investors will be closely eyeing Powell's speech in Jackson Hole on Friday to see if the Fed chair hints at a potential rate cut at the central bank's next meeting.

Riot Platforms stock (NASDAQ RIOT), a Bitcoin mining firm, is presently priced at about $13 per share, indicating a recent drop of 11% within the last month.

The EV maker's U.S. shares were jumping on Friday, having already racked up strong gains the previous session.

Cenovus Energy Inc. has signed a cash-and-stock deal to buy MEG Energy Corp. that values the company at $7.9 billion, including debt. The deal comes after Strathcona Resources Ltd. made an unsolicited offer for MEG in May that the company urged shareholders to reject.