On August 16th (Friday) local time, the three major US stock indexes opened lower and rose higher, continuing their rebound trend. The S&P 500 index and Nasdaq index rose for the seventh consecutive trading day. Investors' focus has shifted to Federal Reserve Chairman Powell's speech at the Jackson Hole Central Bank Annual Meeting next week, as market sentiment continues to be boosted by optimistic economic data. A series of data shows that the US economy is highly resilient, and the weekly performance of US stocks hit the best of the year. The Dow Jones Industrial Average rose 2.94% for the week, marking the largest weekly increase of the year. The S&P 500 index rose 3.93% and the Nasdaq rose 5.29%, both marking their largest weekly gains since November last year.