The three major U.S. stock indexes collectively closed higher, with the Dow reaching a new high
2025-08-22 20:13:22
Federal Reserve Chairperson Jerome Powell said at the Jackson Hole annual meeting that while inflation remains a concern, rising job market risks could prompt the Federal Reserve to cut interest rates in September. The three major U.S. stock indexes collectively closed up, with the Dow up 1.89% and up 1.53% this week; the Nasdaq up 1.88% and down 0.58% this week; the S & P 500 index rose 1.52% and up 0.27% this week. Among them, the Dow index hit a new high, and the Dow and S & P 500 indices rose for three consecutive weeks. The KBW Bank Index rose 3.2%, setting a new high since 2022. Large technology stocks rose, Tesla rose more than 6%, the largest one-day gain in two months; Intel rose more than 5%, Google, Amazon rose more than 3%, AMD, Meta rose more than 2%, Apple, Nvidia rose more than 1%, Microsoft rose slightly; Netflix fell slightly. Opendoor rose more than 39%, a new high since August 2023.
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