Stocks surged higher on Friday as Federal Reserve Chair Jerome Powell signaled an interest rate cut could be on the way.

European shares closed at their highest level in more than five months on Friday after U.S. Federal Reserve Chair Jerome Powell pointed to a possible September interest rate cut in his Jackson Hole Sy...

Wall Street jumped sharply on Friday, with the Dow hitting a fresh all-time high as investors welcomed Federal Reserve Chair Jerome Powell’s remarks at Jackson Hole. The tech focused Nasdaq Composite (COMP:IND) has risen by  1.

Markets appear to be back in a late-summer lull, as investors await the Jackson Hole central-bank symposium and, most importantly, Federal Reserve Chair Jerome Powell's speech on Friday.

“The upshot is that the sands are arguably shifting, but Jackson Hole may not be where lingering hawkish restraint goes to die,” it said.