The Dow Jones Industrial Average marked a record close on Friday, its first in 2025. Small-cap stocks and Treasuries also rallied, as investors got the clearest indication yet from Federal Reserve Chair Jerome Powell that the central bank could cut interest rates in September.
The Dow rose 846 points,
By Morgan Sweeney
The Center Square
The Dow Jones Industrial Average clinched a record high Friday for the first time this year hours after Federal Reserve Chair Jerome Powell hinted that the Fed may soon lower interest rates.
The Dow climbed 846 points, or 1.89%, from Thursday’s close to an all-time high of 45,631.74.
» Read more about: Dow hits record high after Fed chair hints at September rate cuts »
It’s been an unusually bad year for this drugmaker, but it’s essential to look beyond that.
Vertex Pharmaceuticals (VRTX -0.45%) is usually a market-beater, but it hasn’t been so over the past year. The company’s shares are down 18% over the trailing-12-month period due to a combination of headwinds.
» Read more about: This Magnificent S&P 500 Dividend Stock Is Down 18% — Time to Buy? »
Plug Power trades about 99% below its IPO price.
It reinvented itself over the past 26 years,
» Read more about: Plug Power Stock Is Cheap, but Does That Make It a Buy Now? »
Warren Buffett’s line, “Those who cannot fill your pocket will confidently fill your ear,” captures a central theme of Berkshire Hathaway’s (BRK.B) (BRK.A) 1983 shareholder letter: high-energy market chatter often serves intermediaries more than owners. He used the remark to explain why Berkshire avoids policies that encourage rapid trading in its shares and instead seeks a shareholder base focused on underlying business value rather than market theatrics.
Building a portfolio capable of earning strong returns over long periods is not easy, but there are some basic principles we can try to follow to simplify the task. One is to start with companies that are well established in their fields and have robust operations. Some speculative stocks might have a place in a well-built portfolio,
» Read more about: 3 Top Stocks to Build Your Portfolio Around »
NEW YORK (AP) — Wall Street rallied to its best day in months on Friday after the head of the Federal Reserve hinted that cuts to interest rates may be on the way, along with the kick they can give the economy and investment prices.
The S&P 500 leaped 1.5% for its first gain in six days and finished just shy of its all-time high set last week.
» Read more about: Wall Street rallies on hopes for lower interest rates »
Dogecoin and Solana are two of the largest cryptocurrencies by market cap in the world.
Since President Donald Trump won the presidential election last November, crypto has been in the spotlight. Trump campaigned on making the U.S. the crypto capital of the world, and when he took office in January, his administration got right to work.
The pact caps most U.S. tariffs on EU goods at 15 percent, including on cars and pharmaceuticals, and carves out exemptions for generics and aircraft parts.
Critics, including former World Trade Organization boss Pascal Lamy, have warned the accord risks undermining Europe’s credibility as a defender of rules-based trade.
» Read more about: Moscow and Beijing would have cheered EU-US trade war, von der Leyen says »
Tesla’s decision to grant Elon Musk a $29 billion equity package has set off another battle over the chief executive’s pay. The SOC Investment Group has written to Nasdaq urging it to investigate and “take appropriate remedial action” against the company.
The letter, sent on 19 August to Erik Wittman,