Wall Street’s indexes rose, with the Dow hitting a record high after Powell hinted at a rate cut. Traders now see a 90% chance of a cut in September, boosting stocks. S&P 500 and Nasdaq also gained. Consumer discretionary and semiconductors were top performers, while tech stocks rebounded.

S&P 500 snapped a losing streak, Dow and S&P ended with gains, Nasdaq fell. Stocks rebounded from April lows, driven by earnings, trade optimism, and rate-cut hopes. Powell’s comments sparked investor optimism, but concerns remain about Fed policy and tariffs influencing market shifts.

UBS raised S&P 500 year-end target, Intel and Coinbase soared. Intuit dropped on weak revenue forecast, Workday down on outlook. Advancing stocks outnumbered decliners on NYSE, with new highs recorded. Volume on U.S. exchanges was higher than average. Market outlook remains positive amid earnings strength and rate-cut expectations.

Read more at Yahoo Finance: Dow notches record high as Wall Street cheers Powell’s speech