Reported about 2 months ago
On August 23, 2024, major US stock indexes soared as Federal Reserve Chair Jerome Powell announced anticipated interest rate cuts to boost the economy. The S&P 500 and Dow Jones both increased by 1.1%, while the Nasdaq climbed 1.5%. This marks significant gains for the week and year, with the S&P 500 nearing its all-time high set the previous month.
Source: YAHOO