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Dow closes at record high after Powell opens door to rate cut in Jackson Hole speech
The U.S. stock market closed sharply higher Friday, as investors cheered the potential for interest rate cuts following Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Policy Symposium.
The blue-chip index fell 0.8%, weighed down by falling shares of Merck and Amgen.
The Dow ( DJI) closed at a record high on Friday after investors welcomed Federal Reserve Chair Jerome Powell’s remarks at ...
A blistering cross-asset rally drove the Dow Jones Industrial Average to close at an all-time high for the first time since ...
The prospect of interest-rate cuts sparked broad gains in stocks.
The Dow ( DJI) on Friday advanced +1.89% to end at 45,631.74 points. Its previous record close was 45,014.04 points notched ...
A strong rally erupted on Friday on Wall Street shortly after Federal Reserve Chair Jerome Powell delivered a notably dovish ...
Wall Street's main indexes were mixed on Monday as investors weighed U.S. Federal Reserve Chair Jerome Powell's hints of a ...
Shares of fintechs and banks rose with the broader stock market Friday after investors cheered Federal Reserve Chair Jerome ...
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