Dow surges more than 800 points to post record close as Powell speech fuels rally 💰 🏆

[Maximum Overkill 2,122]

The Dow Jones Industrial Average rallied to an all-time high Friday after Federal Reserve Chair Jerome Powell signaled the central bank could begin easing monetary policy next month.

The Dow climbed 846.24 points, or 1.89%, reaching a fresh high and closing at a record level of 45,631.74. The S&P 500 rose 1.52% to end at 6,466.91. At its session high, the broad market index came within three points of its record. The Nasdaq Composite gained 1.88% and settled at 21,496.53.

Shares of megacap technology stocks soared on Powell's comments. Nvidia added 1.7%, while Meta Platforms jumped more than 2%. Alphabet and Amazon each climbed more than 3%. Tesla shares jumped about 6%.

In a tepid speech at the central bank's annual conclave in Jackson Hole, Wyo., Powell said that "the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance." The Fed chief added that "the balance of risks appear to be shifting" between the central bank's dual mandate of full employment and stable prices. He cited "sweeping changes" in tax, trade and immigration policies.

Expectations for a quarter-point rate cut in September surged to roughly 83% following the speed from about 75% earlier in the week, according to the CME Group's FedWatch tool.

[RaiderHaters Revenge 4,379]

is this where the liberals tell us Trump has ruined the economy?  Or is it now the stock market doesn't matter to poor people

 

[seafoam1 3,194]

25 minutes ago, RaiderHaters Revenge said:

is this where the liberals tell us Trump has ruined the economy?  Or is it now the stock market doesn't matter to poor people

 

Yes and yes. Liberals are so focking boring. And this place is now full of 70% number of posts all provided by the TDS liberal retards from fbgays who destroyed that site. . 

[thegeneral 3,307]

31 minutes ago, RaiderHaters Revenge said:

is this where the liberals tell us Trump has ruined the economy?  Or is it now the stock market doesn't matter to poor people

 

Well this is exactly what people said when this happened under Biden

[seafoam1 3,194]

1 minute ago, thegeneral said:

Well this is exactly what people said when this happened under Biden

Yeah, make more shlt up peegen. 

[thegeneral 3,307]

14 minutes ago, seafoam1 said:

Yeah, make more shlt up peegen. 

You have the memory of a gnat. 

[seafoam1 3,194]

12 minutes ago, thegeneral said:

You have the memory of a gnat. 

Like I said....

[Maximum Overkill 2,122]

1 hour ago, thegeneral said:

Well this is exactly what people said when this happened under Biden

You have BDS!