Alva Review-Courier -

Dow jumps over 500 points amid hopes of Fed rate cut

 


The Dow Jones Industrial Average jumped more than 500 points Tuesday as investors welcomed signs that the Federal Reserve may cut interest rates to help buttress U.S. economic growth in the face of escalating trade wars.

Optimism about a resolution to one of those trade disputes and a rebound in technology shares also boosted the market. The benchmark S&P 500 index notched its best day since early January.

Federal Reserve Chairman Jerome Powell spurred the rally when he said the central bank was "closely monitoring" trade developments and would "act as appropriate" to sustain the U.S. econo...



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