Stock Market Today: Dow Leaps 800 Points As Powell Bolsters Rate-Cut Hopes; Nvidia Earnings Loom

The Dow Jones Industrial Average finished a week of strong gains with a record close Friday afternoon as Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole Economic Symposium raised hopes for a September rate cut. Dow components surged more than 800 points, with gains fronted by Caterpillar (CAT), Home Depot (HD), and Goldman Sachs (GS) on the stock market…

source

Leave a Comment

Your email address will not be published. Required fields are marked *