Dow, S&P 500 snap 3-day slide | Biden forgives $10,000 in student loan debt | Cheap Nasdaq stocks that are poised for growth

Wednesday was a quiet -- but positive -- session for Wall Street.

VIEW IN BROWSER | SUBSCRIBE WED, AUG 24, 2022 EVENING BRIEF AS OF WED, AUG 24, 2022 • 04:51 ET DJIA 32969.23 +0.18% +59.64 S&P 500 4140.77 +0.29% +12.04 NASDAQ 12431.53 +0.41% +50.23 Most Active DOW NAME LAST CHG %CHG AAPL 167.53 +0.30 +0.18% INTC 33.86 -0.09 -0.27% MSFT 275.79 -0.65 -0.24% S&P 500 NAME LAST CHG %CHG AMD 92.73 +0.24 +0.26% AAPL 167.53 +0.30 +0.18% NVDA 172.22 +0.41 +0.24% NASDAQ NAME LAST CHG %CHG AMD 92.73 +0.24 +0.26% AAPL 167.53 +0.30 +0.18% NVDA 172.22 +0.41 +0.24% EDITOR'S NOTE The Dow Jones Industrial Average and the S&P 500 managed to snap a three-day losing streak in what was otherwise a quiet day on Wall Street.    Investors are awaiting key economic data and greater clarity on the pace of future interest rate hikes from Federal Reserve Chair Jerome Powell this week. The annual economic symposium in Jackson Hole, Wyoming starts Thursday.    "We're really in a situation where the markets are betwixt and between," said U.S. Bank Wealth Management's Lisa Erickson. Market participants will watch how the Fed will absorb the latest inflation reports, including the latest personal consumption expenditures data. The PCE report, the central bank's favorite measure of inflation, will be out before Powell's speech on Friday.    "We really are expecting the Fed to remain vigilant in combating inflation," said U.S. Bank's Erickson. "We do see Jackson Hole as potentially interesting in that it is going to give a sense of how the Fed is digesting more recent data as it looks at how quickly inflation may come down."   "And because the PCE comes out shortly before that speech, it will just be interesting to see how Chair Powell incorporates that information into his outlook," Erickson added. Sarah Min | Investing Reporter at CNBC Pro @_sarahmin Watch our live stream for all you need to know to invest smarter. TOP NEWS  Stocks end Wednesday higher, Dow and S&P 500 snap three-day slide Biden cancels $10,000 in federal student loan debt for most borrowers Peloton strikes a deal to sell fitness equipment and apparel on Amazon These bank stocks have attractive options plays ahead of Fed's Jackson Hole meeting, Goldman says Here's what President Biden's student loan forgiveness means for your taxes These Nasdaq stocks are cheap relative to the broader market and expected to grow earnings Home prices fell for the first time in 3 years last month – and it was the biggest decline since 2011 SEC asked Twitter about its spam account claims in June Apple sends invites for Sept. 7 launch event, new iPhone 14 expected Ukraine says 15 people killed in Independence Day attack; Biden reveals new $3 billion aid package TOP VIDEO We don't think a global recession will happen, says JPM's Marko Kolanovic CNBC PRO SoFi is a buy as Biden forgives student loans, Mizuho says SPECIAL REPORTS What you need to know about Biden's student loan forgiveness plan: Who is eligible, how it works, when to apply 8 cities where at least half of millennials can't afford to rent a 1-bedroom Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS