Dow Jones, Jerome Powell and s&p 500
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Stocks surged Friday as investors breathed a huge sigh of relief after Federal Reserve Chair Jerome Powell indicated that interest rates could be cut.
Stocks surged Friday and the Dow closed at its first record high of the year after Federal Reserve Chair Jerome Powell signaled interest rate cuts could be on the way.
The Dow Jones Industrial Average clinched a record high Friday for the first time this year hours after Federal Reserve Chair Jerome Powell hinted that the Fed may soon lower interest rates. The Dow climbed 846 points,
The hope among investors had been that Powell would hint that the Fed's first cut to interest rates of the year may be imminent.
A blistering cross-asset rally drove the Dow Jones Industrial Average to close at an all-time high for the first time since December as the staid blue-chip gauge finally caught up to the riskier corners of the stock market.
The prospect of interest-rate cuts sparked broad gains in stocks.
Wall Street rallied on Friday morning after Federal Reserve Chair Jerome Powell's signaled a rate cut could be on the horizon.
Wall Street rallied Friday after Federal Reserve Chair Jerome Powell signaled the possibility of lowering a key interest rate in the coming months. Investors cheered the prospect of a rate cut as soon as the Fed's upcoming meeting on September 16-17.
Dow Jones hits intraday all-time high! See top-performing stocks like AXP, HD & BA and learn about Seeking Alpha's Quant ratings.
6don MSN
Dow ends just shy of record after touching new intraday high, as Buffett gives Wall Street a boost
The Dow Jones Industrial Average ended nearly flat on Friday after hitting a record high in morning action — riding a wave of market optimism and a timely push from the “Oracle of Omaha.”
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