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S&P 500, Nasdaq jump after Powell says ‘the time has come’ for rate cuts: Yahoo Finance

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Jerome Powell,Federal Reserve Chairman,Ryan Sweet

The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite are all jumped higher after Federal Reserve Chairman Jerome Powell said rate cuts are on the ...

The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite are all jumped higher after Federal Reserve Chairman Jerome Powell said rate cuts are on the way. Speaking at the Kansas City Fed’s Jackson Hole Economic Symposium on Friday morning, Powell said “the time has come” for the central bank to start cutting rates. One of the biggest beneficiaries was Redfin, which saw its shares jump more than 20% after the speech. Other trending tickers include Roku, Cava, and Intuit.3:30 p.m.

Western Grain Elevator Association Applauds Federal Government for bringing Final Binding Arbitration to Rail Dispute WINNIPEG, Manitoba, Aug. 23, 2024 -- The Western Grain Elevator Association is extending gratitude to the federal government of Canada for recognizing the negative impacts of the CN and CPKC work stoppage to the Canadian grain sector and the broader Canadian economy, by directing the Canadian Industrial Relations Board to assist the parties with Final Binding Arbitration.

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Stock market today: S&P 500, Nasdaq resume climb as Fed minutes signal 'likely' September rate cutInvestors marking time before Jackson Hole will get Fed minutes and jobs data revisions that could shift the needle on rate cut bets.
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