Stocks Surge Because Of Likely Fed Cut

: Investors are breathing a sigh of relief as stocks rose dramatically in response to a potential federal interest rate cut and the easing of tariff tensions with Mexico.

All three major U.S. markets are up after a tumultuous period of trading, with recession worries, Mexico and China tariff standoffs, and the federal government’s upcoming antitrust investigations of Amazon, Google, Facebook, and Apple all contributing to serious downward momentum The Dow Jones Industrial Average ended with its best performance since January of this year, closing with a 512 point gain, up 2% from Monday’s close.

Nasdaq is trading with a 194-point, or 2.6%, gain in after-hours, while the S&P 500 is trading up nearly 60 points, a 2.1% gain from Monday. Federal Reserve chair Jerome Powell said today, “We are closely monitoring the implications of these developments for the U.S. economic outlook and, as always, we will act as appropriate to sustain the expansion,” according to theThe markets rallied immediately after Powell’s comments, which investors are interpreting to mean the Fed will likely cut interest rates to keep the economy stable.about an agreement on the proposed 5% tariffs in a Washington, D.C., news conference on Tuesday.

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