Wall Street's three major indexes clocked their biggest one-day gains in fi...
- Wall Street’s three major indexes clocked their biggest one-day gains in five months on Tuesday after Federal Reserve Chair Jerome Powell left the door open for a possible rate cut.
The Dow Jones Industrial Average rose 512.4 points, or 2.06%, to 25,332.18, the S&P 500 gained 58.82 points, or 2.14%, to 2,803.27 and the Nasdaq Composite added 194.10 points, or 2.65%, to 7,527.12.
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Powell says the Fed will 'act as appropriate to sustain the expansion'Powell began a speech Tuesday in Chicago by addressing 'recent developments involving trade negotiations and other matters.'
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Fed ready to act if economy worsens, Powell saysNEW: Fed Chairman Powell says the central bank is watching current economic developments, including “recent developments involving trade negotiations and other matters,' and will do what it must to keep near-record expansion going.
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Powell Suggests Fed Could Cut Rates If Trade Spat EscalatesFederal Reserve Chairman Jerome Powell said the central bank is closely monitoring the recent escalation in trade tensions and that it would respond if needed to keep the economy growing steadily.
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Powell: Fed will act 'as appropriate' in face of trade, other risksThe Federal Reserve will respond 'as appropriate' to the risks posed b...
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Instant View - Fed will respond 'as appropriate' to risks like trade war: PowellThe Federal Reserve will respond 'as appropriate' to the risks posed b...
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Powell says Fed 'will act as appropriate' to sustain economic growthFed Chair Jerome Powell says the central bank is 'closely monitoring' America's trade disputes and will 'act as appropriate' to sustain economic growth. His remarks are helping to send the Dow toward its best day since February.
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Dollar on defensive as U.S. bonds surge on Fed rate cut prospectsThe dollar was on the defensive on Tuesday after taking a beating against peers ...
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Trump praises Powell and wife, and humorist Mark RussellThe pastor of a Virginia church has asked God to give President Donald Trump wisdom to lead the country.
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Powell to open Chicago conference as rate cut talk intensifiesFederal Reserve Chairman Jerome Powell gives opening remarks on Tuesday at a mon...
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