The Dow Jones Industrial Average ( ) added over 460 points, or 1.1%, in Friday's session, nearing its all-time high. Meanwhile, the S&P 500 ( ) and Nasdaq Composite ( ) rose by 1.
15% and 1.47%, respectively, following commentary from Federal Reserve Chair Jerome Powell in earlier Friday morning. Yahoo Finance Reporter joins Market Domination Overtime to break down the biggest market movements in the August 23 trading session.
In addition to the broad market gains, Blikre also notes the momentum behind rising gold prices ( ) in its latest rally, the Fed's signaling about interest rate cuts to come in September, and downward trends in the volatility index ( ). Watch Federal Reserve Chair For more expert insight and the latest market action, click to watch this full episode of Market Domination Overtime. Video Transcript Stocks closing higher today.
The dow up near a record high after fed. Chair Powell signaling rate cuts are likely in September with more on the market takeaways. Let's get to Yahoo Finance is Jared.
We take it away, Jared. Thank you, Paul Pivots. I think that speaks a lot and let's just get into some of the price action surrounding it.
A lot of different markets participating. This is my leaders index. We'll get to sectors in a second.
But first look taking the top spot. Remember way back when, when Bitcoin used to be heavily heavily levered towards the fed, maybe it is. Again, we got solar energy, regional banks, unprofitable tech, home builders, ipos small oil.