Reported 1 day ago
On August 22, 2025, US stock markets experienced significant gains after Federal Reserve Chairman Jerome Powell suggested possible interest rate cuts. The Dow Jones soared by 846 points to a record high, while the S&P 500 and Nasdaq rose by 1.5% and 1.9%, respectively. Lower treasury yields also reflected the market's optimism regarding economic growth driven by potential rate cuts.
Source: YAHOO