Reported about 2 months ago
On August 23, 2024, major U.S. stock indices saw significant gains, with the Dow Jones up over 460 points following comments from Federal Reserve Chair Jerome Powell regarding potential interest rate cuts in September. The S&P 500 and Nasdaq also rose, and gold prices experienced a rally amid decreasing volatility indicated by the VIX index. Yahoo Finance Reporter Jared Blikre provided analysis of these movements during the trading session.
Source: YAHOO