Wall Street ends sharply higher as Powell cements September rate cut hopes

August 24, 2024

Following Jerome Powell’s dovish comments at the Jackson Hole Symposium, U.S. stocks rallied in anticipation of a rate cut by the Federal Reserve in September. All major indexes rose, driven by gains in megacap stocks and regional banks. Powell’s remarks indicated a shift towards multiple rate cuts, boosting investor sentiment.

More To Explore

Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027

Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings

November 9, 2026

Finolex Cables shares fall 5% after rallying 20% during Muhurat Trading session. More upside ahead?

Finolex Cables shares fell after a 20% upper-circuit rally during Sunday’s Muhurat Trading session, giving back some of the Rs 3,334 crore market-cap gain. The

November 9, 2026

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information.

The information on this website does not constitute investment advice or a recommendation or a solicitation to engage in any investment activity. This website and its content are not intended for residents of the UAE, US, Canada, Australia, UK, Russia, North Korea, China, Japan, Hong Kong, Singapore and Iran.

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003