Powell Hints at a Rate Cut
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The Dow Jones Industrial Average clinched a record high Friday for the first time this year hours after Federal Reserve Chair Jerome Powell hinted that the Fed may soon lower interest rates. The Dow climbed 846 points,
A blistering cross-asset rally drove the Dow Jones Industrial Average to close at an all-time high for the first time since December as the staid blue-chip gauge finally caught up to the riskier corners of the stock market.
The prospect of interest-rate cuts sparked broad gains in stocks.
A strong rally erupted on Friday on Wall Street shortly after Federal Reserve Chair Jerome Powell delivered a notably dovish message during his highly anticipated speech at Jackson Hole. IWM ETF is moving fast.
Berkshire Hathaway and the Dow Jones Industrial Average have some overlap on stocks that are held in both investment portfolios.
If the S&P 500 breaks below 6,200, that's a sign the stock market may be headed for a more serious decline, Bank of America said.
US Stock Market Today slipped into caution on Thursday as the Dow Jones fell 230 points, the S&P 500 marked its fifth straight loss, and the Nasdaq ended slightly weaker. The days biggest shock came from Walmart earnings,
Dow ETFs vary widely, giving investors choices between stability, income generation or leverage keyed to the index.
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Investor's Business Daily on MSNStock Market Today: Dow Jones Index Rises Ahead Of Big Powell Speech; Nvidia Falls On AI Chip News (Live Coverage)
The Dow Jones Industrial Average and other major stock indexes traded higher Friday as Wall Street braced for a critical monetary policy speech from Federal Reserve Chairman Jerome Powell. Meanwhile,