Hong Kong stocks rose on Monday after US Federal Reserve chair Jerome Powell signalled the possibility of a rate cut next month and Shanghai relaxed its home-purchase policies. The Hang Seng Index added 2 per cent to 25,837.65 at 2pm local time, the biggest gain in two weeks. The Hang Seng Tech Index rose 3…
US stock futures ticked down after Wall Street’s powerful rally to close out last week with eyes all on Nvidia (NVDA) earnings for the week ahead. Futures attached to the Dow Jones Industrial Average (YM=F), the S&P 500 (ES=F), and the Nasdaq 100 (NQ=F) slipped 0.2%. On Friday, the Dow Jones Industrial Average (^DJI) surged…
Federal Reserve Chairman Jerome Powell is seen walking in Grand Teton National Park near Jackson Hole, Wyoming, on August 22, 2025. Natalie Behring | Getty Images News | Getty Images Since inflation in America peaked at 9.1% in June 2022, the U.S. Federal Reserve has made controlling price increases — by keeping interest rates high…
The conundrum of the stock market going down ahead of Jackson Hole confounded me. With a market that had been headed down every day, except for deep cyclicals and housing-related stocks, the setup seemed extreme. By the end of the week, the bet was one way: Federal Reserve Chairman Jerome Powell , perhaps because he…
Stocks ended the week in rally mode after Federal Reserve Chair Jerome Powell opened the door for a September interest rate cut. In the week ahead, earnings from Nvidia (NVDA) will see the world’s largest company and AI leader test a summer rally that has stocks back near record highs. After slump earlier in the…
US stocks ripped higher Friday after Federal Reserve Chair Jerome Powell opened the door to a September rate cut during his speech at Jackson Hole — a dovish turn that lit a fire under speculative trades from meme stocks to crypto. “The baseline outlook and the shifting balance of risks may warrant adjusting our policy…
A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves : Stocks were headed for a positive week, thanks to a big rally on Friday in reaction to Federal Reserve Chairman Jerome Powell ‘s…
A consensus view on Wall Street for a rate cut next month doesn’t mean there will be a consensus on the Federal Reserve as policymakers still appear divided. In his Jackson Hole speech on Friday, Chairman Jerome Powell opened the door to a rate cut at the central bank’s meeting in September after months of…
It was a topsy-turvy week for Wall Street, saved by a big Friday rally. The market was looking at a weekly loss at Thursday’s close. But a day later, Federal Reserve Chairman Jerome Powell came through, hinting at possible interest rate cuts ahead. His speech on Friday at the central bank’s economic symposium in Jackson…