Stock Market This Week: Powell Fuels Rally, TGT Flexes Retail Strength, LLY Drug Trial Success

welcome to the rrap I'm Diane King Hall here to take you through this week's Market action upbeat commentary from fed share Jerome pow fueled a rally on Wall Street Friday that led to a 3.6% gain for the Russell on the week the S&P 500 added about a percent and a half the NASDAQ and DOW gained more than 1% all but one sector rallied real estate gained the most on the week adding some 3.6% materials and consumer discretionary each gained more than 2% energy was the only lager turning to the week's top stories Fed chair Jerome pow says quote the time has come for policy to adjust the Fed chair signaled confidence in a strengthening economy and pointed to inflation rates moving in the right direction during his highly anticipated speech in Jackson Hall po made no official statement on rate cut saying quote the timing and pace of rate Cuts will depend on incoming data the evolving Outlook and the balance of risk end quote Target pulled off a comeback rallying 10% this week after earnings grew more than 40% year-over-year sales bounced back after slumping earlier this year both in store and digital channels shored up that growth the big box retailer boosted third quarter guidance for EPS but expects flat to 2% growth in sales similar chains that offer value like TJX and Ross also gain ground this week Eli Lily tou touched alltime highs after trial success for tzipi the active ingredient mararo and Zep found the three-year study found the drug reduced the risk of type 2 diabetes and obese or overweight adults by 94% Eli Lily said the findings quote reinforc the potential clinical benefits of long-term therapy for people living with obesity and pre-diabetes keep in mind sales for majar tripled year over-year in the company's latest earnings in the week ahead all eyes on mag giant Nvidia when it reports earnings Wednesday also hear from crowd strike Salesforce Dell and several other bigname store chains on the economic calendar we've got consumer confidence durable goods and we finish off the week with pce the fed's preferred inflation gauge that'll do it for the wrap I'm Diane King Hall remember to tune in 247 to Schwab network.com