- 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.
Fed: The economy can’t sustain itself at normal interest rates Wall St: Did somebody say cheap debt?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: