Dow Soars to Record High as Powell Signals Potential September Rate Cut
Dow Soars to Record High as Powell Signals Potential September Rate Cut The Dow Jones Industrial Average achieved a historic record close on Friday, marking its first such milestone in 2025, following Federal Reserve Chair Jerome Powell’s highly anticipated speech at the Jackson Hole economic symposium. Investors reacted strongly to Powell’s clearest indication yet that the central bank is poised to cut interest rates as early as September. The Dow surged by 846 points, a 1.9% gain, while the S&P…