Stock Market jump as Fed Chair’s speech begins: S&P 500 up 0.65%, Dow 30 gains 0.60%, Nasdaq surges 1.11%

As Federal Reserve Chair Jerome Powell began his highly anticipated speech, U.S. markets reacted positively following the Fed’s recent decision to cut interest rates by 50 basis points. The S&P 500 rose 36.40 points to 5,670.98 (+0.65%), the Dow 30 climbed 248.47 points to 41,854.65 (+0.60%), and the Nasdaq surged 196.52 points to 17,824.58 (+1.11%). Investors are responding with optimism as they closely monitor Powell’s remarks and the Fed’s next steps.

Investors responded with optimism to Powell’s remarks as markets continue to watch the Fed’s next moves closely.

Data as on time of publishing this article.