The S&P 500 rose 1.5% as Jerome Powell hinted at possible rate cuts next month. Enphase Energy and other solar companies saw gains, while Intuit’s outlook weighed on its stock. Major indexes reached new highs, with companies like Builders FirstSource and Mohawk Industries benefiting from lower rates. Cruise and airline stocks rose, and Bitcoin rebounded. CSX announced a partnership with BNSF Railway, while Workday’s stock fell due to lower guidance.

Read more at Yahoo Finance: Index Surges as Expectations of a Rate Cut Climb