【The three major U.S. stock indexes all closed higher, with the Dow hitting a new high】Golden Finance reports that Federal Reserve Chairman Jerome Powell indicated at the Jackson Hole annual meeting that, despite ongoing concerns about inflation, rising risks in the job market may lead the Fed to cut interest rates in September. The three major U.S. stock indexes all closed higher, with the Dow up 1.89%, accumulating a gain of 1.53% this week; the Nasdaq rose 1.88%, with a cumulative decline of 0.58% this week; and the S&P 500 index increased by 1.52%, with a cumulative gain of 0.27% this week. Among them, the Dow reached a new high, and both the Dow and S&P 500 index have risen for three consecutive weeks. The KBW Bank Index rose by 3.2%, reaching a new high since 2022. Large tech stocks saw widespread gains, with Tesla rising over 6%, marking the largest single-day increase in two months; Intel rose over 5%, Google and Amazon both increased by more than 3%, AMD and Meta both rose over 2%, Apple and Nvidia both saw gains of over 1%, and Microsoft had a slight increase; Netflix saw a slight decline. Opendoor soared over 39%, reaching a new high since August 2023.
