Monday, 26 August 2024: "The time has come" for monetary easing says Chair Jerome Powell
Aug 25, 2024 ·
4m 46s
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
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,...
show more
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
show less
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 | - |
| Tags |
Copyright 2024 - Spreaker Inc. an iHeartMedia Company
Comments