- Wall Street’s three major indexes clocked their biggest one-day gains in five months on Tuesday after Federal Reserve Chair Jerome Powell left the door open for a possible rate cut.
The Dow Jones Industrial Average rose 512.4 points, or 2.06%, to 25,332.18, the S&P 500 gained 58.82 points, or 2.14%, to 2,803.27 and the Nasdaq Composite added 194.10 points, or 2.65%, to 7,527.12.
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Fed: The economy can’t sustain itself at normal interest rates Wall St: Did somebody say cheap debt?