Stocks Rise on Revised Jobs Data, Anticipation Builds for Powells Jackson Hole Speech

US stock markets closed higher on Wednesday, influenced by revised jobs data indicating a weaker job market than initially estimated and anticipation surrounding Federal Reserve Chair Jerome Powell`s upcoming speech at the Jackson Hole economic conference. The revised data strengthens predictions of potential interest rate cuts by the Fed, with investors particularly focused on Powell`s Friday address for further guidance on future monetary policy.