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S&P 500 Surges on Rate Cut Hopes; Solar and Housing Stocks Lead Gains
S&P 500 Surges on Rate Cut Hopes; Solar and Housing Stocks Lead Gains
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BTCCSquare news:
The S&P 500 climbed 1.5% on Friday, August 22, 2025, as Federal Reserve Chair Jerome Powell signaled potential rate cuts as early as next month. The Dow Jones Industrial Average soared 1.9%, marking its first record close of the year, while the Nasdaq Composite mirrored the gains with a 1.9% advance.
Solar energy stocks emerged as top performers, with Enphase Energy (ENPH) surging 10.4% on expectations that lower borrowing costs WOULD accelerate project financing. Housing-sensitive equities also rallied amid the dovish monetary policy outlook.
Intuit bucked the positive trend, declining despite beating quarterly estimates. Concerns over its MailChimp and TurboTax business lines overshadowed earnings results.
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