Monday, 26 August 2024: "The time has come" for monetary easing says Chair Jerome Powell
Aug 25, 2024 ·
4m 46s
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Description
US equity markets rallied on Friday (23 August) after Federal Reserve Chair Jerome Powell said “the time has come” for monetary easing - Dow rose +462-points or +1.14% to 41,175.08,...
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US equity markets rallied on Friday (23 August) after Federal Reserve Chair Jerome Powell said “the time has come” for monetary easing - Dow rose +462-points or +1.14% to 41,175.08, closing within 0.1% of a fresh record close.
The broader S&P500 gained +1.15% to 5,634.61, settling just 0.6% below its all-time closing high recorded in mid-July. Construction materials supplier Builders FirstSource Inc rallied +8.75% to be the leading performer in the S&P 500
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The broader S&P500 gained +1.15% to 5,634.61, settling just 0.6% below its all-time closing high recorded in mid-July. Construction materials supplier Builders FirstSource Inc rallied +8.75% to be the leading performer in the S&P 500
Information
| Author | Morgans Financial Limited |
| Organization | Morgans Financial Limited |
| Website | - |
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