Dow closes more than 450 points higher as Powell signals Fed rate cuts are coming: Live updates
Publishing timestamp: 2024-08-22 22:02:16
Summary
Stocks rose on Friday after Federal Reserve Chair Jerome Powell hinted at interest rate cuts. The Dow, Nasdaq, and S&P 500 all posted gains for the week. Technology stocks and small-cap stocks rallied on hopes of a lower-rate environment. Uranium ETFs surged after Kazakhstan's production cut. Powell's speech indicated a potential rate-cutting cycle, leading to positive market sentiment. European stocks also opened higher as investors awaited Powell's speech.
Sentiment: MIXED
Tickers: TGT, URA, DHI, .FTSE, WDAY, UBER, ARM, CAVA, DCOM, .RUT, .DJI, WRBY, WBD, NVDA, CHWY, KEYS, .NDX, URNM, EGBN, .STOXX, CFFN, NYCB, .IXIC, INTU, .SPX, TJX, GM, ROST, ITB, ALB, PTON, .GDAXI, TSLA, VLY, MRVL, GFS, PHM, LEN, CCJ, KRE, .FTMIB, BLDR, .FCHI,
Keywords: nvidia corp, breaking news: major, russell 2000 index, stock markets, s&p 500 index, breaking news: markets, markets, advanced micro devices inc, united states, prices, economic events, dow jones industrial average, tesla inc, jerome powell, business news, nasdaq composite,
Source: https://www.cnbc.com/2024/08/22/stock-market-today-live-updates.html