Reported 1 day ago
The S&P 500 saw a 1.5% increase on Friday, August 22, 2025, following remarks from Federal Reserve Chair Jerome Powell about potential interest rate cuts in the coming month. This surge was driven largely by solar stocks like Enphase Energy, which soared 10.4%, and positive market sentiment in sectors like housing and travel due to anticipated lower borrowing costs. However, shares of Intuit plummeted 5% after the company issued a disappointing outlook despite beating quarterly estimates.
Source: YAHOO