Following Federal Reserve Chair Jerome Powell's speech at Jackson Hole, Wall Street experienced a significant uptick on Friday. Powell's dovish message led to a surge in the IWM ETF, with the Fed signaling readiness to adjust policy stance, hinting at potential interest rate cuts due to a notable labor market slowdown. Powell also addressed inflation risks from trade tariffs, expecting one-off price increases rather than a sustained surge. The market celebration was evident as every sector in the S&P 500 ended positively, particularly consumer discretionary, real estate, industrials, and materials, each with over a 2% increase. The Dow Jones Industrial Average saw a remarkable 2% jump, surpassing all-time highs beyond 45,680. S&P 500 gained 1.4%, reaching... Full story accessible on Benzinga.com.