From Nasdaq:

Wall Street indexes surged after Fed Chair Jerome Powell hinted at a rate cut later this year due to easing inflation. Market strategist David Russell sees hopes for a soft economic landing. Private payrolls rose slightly below expectations in February. Major tech stocks led gains as traders bet on a rate cut in June. The Dow Jones, S&P 500, and Nasdaq all saw positive movement.
AI company Nvidia outperformed growth peers, while Tesla dropped for the third day. JD.com shares soared after a strong fourth-quarter report. Cryptocurrency-linked companies like Coinbase and MicroStrategy saw gains as bitcoin rebounded. CrowdStrike Holdings received a boost from strong cybersecurity spending. Advancing issues dominated on the NYSE and Nasdaq, with highs and lows recorded on both indexes.



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