empty
 
 

2025.08.2220:03:15UTC+00Dow Surges to Record as Powell Hints Rate Cut

U.S. stocks experienced a significant surge on Friday, driven by Federal Reserve Chair Jerome Powell's remarks at the Jackson Hole Symposium, suggesting a potential rate cut in September. This news fueled the most robust cross-asset rally since April. The S&P 500 increased by 1.5%, the Nasdaq rose by 1.9%, and the Dow Jones soared by 846 points, reaching a record intraday high.

During his speech at the prestigious annual symposium, Powell highlighted the evolving economic risks that "might require adjustments to our policy stance," although he cautioned about ongoing inflationary pressures. In response, traders substantially increased their expectations, currently estimating a 91% chance of a 25 basis point cut in September.

Technology stocks led the rally's momentum, with Tesla surging 6.2% and giants like Meta, Alphabet, and Amazon each appreciating by over 2%. Nvidia also climbed by 1.7%. Notably, Intel's stock jumped 5.5% amid reports of the Trump administration potentially acquiring a 10% stake in the company.

This rally helped the markets rebound from earlier declines linked to weakness in megacap tech stocks, resulting in weekly gains for the Dow and S&P 500 while significantly reducing the Nasdaq's losses.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In August we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback