Fed Chair Jerome Powell sparks a stock-market rally Friday, with his Jackson Hole speech opening the door to an interest rate cut in September.

The Dow Jones soared to an all-time Friday on increased hopes of a rate cut at the September Federal Reserve meeting.

U.S. stocks soar, with the Dow scoring a record high, after Fed Chair Powell suggested it was time to consider rate cuts again.

The Dow Jones Industrial Average was on track for its first record close since December on Friday after Federal Reserve Chair Jerome Powell opened the door to a September rate cut, sparking a broad stock-market rally.

Wall Street indexes saw a surge. This happened after the U.S. Federal Reserve Chair, Jerome Powell, hinted at a possible rate cut. Investors are now anticipating a rate reduction. The Dow Jones Industrial Average hit a record high.

U.S. stock futures drifted lower Friday as investors awaited Federal Reserve Chair Jerome Powell’s keynote at the Jackson Hole symposium, the central event of the week. Meanwhile, Nvidia faces production challenges for its key H20 chips,

A steep slide in shares of semiconductor companies was dragging on the Nasdaq Composite on Tuesday afternoon, putting the tech-heavy index on track for a rare underperformance versus the Dow Jones Industrial Average.