A tumultuous week in the stock market saw a significant drop in tech stocks, including a 20% decrease in Palantir Technologies Inc. (NASDAQ: PLTR), attributed to diminishing AI excitement. However, the week culminated in a notable upsurge as Wall Street experienced an optimistic rally after Federal Reserve Chair Jerome Powell's unexpectedly dovish remarks. The IWM ETF saw a substantial increase on Friday, with Powell's comments at the annual Jackson Hole symposium indicating a potential shift in Fed policy towards rate cuts due to restrictive policies and weakening job market data. Despite inflation surpassing the Fed's 2% target, Powell highlighted a significant slowdown in job creation. For more details, refer to the full article on Benzinga.com.