If you are a professional stock trader or if you track the equity market actively, check out our Real-time EquityWireIf you track the bond or forex market or the macro economy actively, check out our Real-time MoneyWireIf you track agri commodities, precious metals or base metals actively, check out our Real-time CommodityWire
Informist, Monday, Aug. 25, 2025 Tel +91 (22) 6985-4000
Equity Alert: US mkt surges on Powell's dovish comments, Dow at record close
MUMBAI--0734 IST--Equity indices in the US closed higher Friday as markets took comfort from US Federal Reserve Chair Jerome Powell's dovish comments during his speech at the Jackson Hole Symposium. Investors showed huge buying interest in US stocks, taking the Dow Jones Industrial Average to an all-time closing high. The S&P 500 gained after five consecutive sessions of losses.
Powell hinted at a near-term interest-rate cut, which could be during the September meeting, but also stressed on the importance of jobs and inflation data, which are due this week. After cutting federal funds rates by 50 basis points during September 2024 and 25 bps in November and December each, the US central bank has held rates steady. Currently, the rate stands at 4.25-4.50%.
Traders now bet on an 87% chance of an interest rate cut during the Fed's September meeting, much higher than the 70% probability before Powell's comments. "Powell did what central bankers do best at Jackson Hole — he kept the door open," Nigel Green, chief executive of deVere Group, was quoted as saying by Reuters. "A cut in September would reassure households and businesses that the central bank is not asleep at the wheel. Delaying only raises the odds of a harder landing."
The Dow Jones Industrial Average ended Friday's session 1.9% lower at 45631.74 points, its highest level since Dec.4, 2024. Meanwhile, S&P 500 closed at 6466.91 points, up 1.5%. The Nasdaq broke a three-day losing run to close 1.9% higher at 21496.535 points. Some sectors such as housing, consumer goods, and utilities rose in anticipation of a near-term interest rate cut.
Following are the closing levels of US indices Friday:
| INDEX | LAST LEVEL | CHANGE IN % |
| Dow Jones Industrial Average | 45631.74 | 1.89 |
| NASDAQ Composite | 21496.54 | 1.88 |
| S&P 500 | 6466.91 | 1.52 |
(Gopika Balasubramanium)
US$1 = INR 87.53
End
Edited by Tanima Banerjee
All prices from National Stock Exchange, unless otherwise specified.
All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.
All times are Indian Standard Time.
NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India
Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
Share this Story:
