Reported 1 day ago
The Dow Jones Industrial Average soared by 846 points to reach a record high of 45,631.74, following remarks from Federal Reserve Chair Jerome Powell suggesting that interest rate cuts may be forthcoming due to a cooling labor market. This significant market rally was fueled by optimism surrounding Powell's dovish stance on future monetary policy, indicating that the Federal Reserve could consider lowering rates as soon as September to support economic growth. Other major indices, including the S&P 500 and Nasdaq Composite, also experienced substantial gains.
Source: YAHOO