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Dow rockets over 900 points to record high as Powell signals possible rate cut
The Dow Jones Industrial Average surged more than 900 points Tuesday, notching a new all-time high after Federal Reserve Chair Jerome Powell hinted that a rate cut could be on the horizon, fueling investor optimism across Wall Street.
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Stock Market Today: Dow Jones Surges To All-Time High On Rate Cut Hopes; Nvidia, Palantir Jump (Live Coverage)
The Dow Jones soared to an all-time Friday on increased hopes of a rate cut at the September Federal Reserve meeting.
In a day marked by mixed results, U.S. stocks experienced a rollercoaster of performance on Wednesday, with the Dow Jones Industrial Average showing resilience while the S&P 500 and Nasdaq Composite ...
Barring a sharp selloff between now and the closing bell, this would mark the index's fastest recovery on record following a selloff of 15% or more, according to Dow Jones Market Data.
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $28.67, along with a high estimate of $34.00 and a low estimate of $22.00.
That's because Nvidia is a component of the S&P 500 (^GSPC -0.59%) index, the Dow Jones Industrial Average (^DJI 0.02%) index, and the Nasdaq-100 index, which tracks the 100 largest nonfinancial ...
Shares of Caterpillar Caterpillar Inc. and Merck Merck & Co. Inc. have contributed to the blue-chip gauge's intraday rally, as the Dow Dow Jones Industrial Average was most recently trading 202 ...
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