S&P 500, Nasdaq close higher as Fed minutes lift investors’ hopes for a September rate cut: Live updates

⦁ The S&P 500 and Nasdaq rose on hopes of a September rate cut after Fed minutes signaled a likely decrease.
⦁ Wall Street anticipates comments from Fed Chair Jerome Powell at Jackson Hole for further insights.
⦁ Target jumped 11% post-earnings, while Macy's sank 13% due to a lowered sales forecast.
⦁ Small-cap and consumer staple stocks outperformed, with Russell 2000 and staples sector climbing.