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The next Federal Open Market Committee (FOMC) meeting is September 16 and 17.
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Stocks for some furniture and home goods companies, including Wayfair, RH and Williams-Sonoma, tumbled after the market close, following Trump's post.
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Nvidia Is Making a New Chip for China Amid Debate on AI Exports The New York TimesNvidia's Roller Coaster for China AI Chips Takes a New Turn The Wall Street Journal10 things to watch in the stock market Friday including the Fed and Nvidia's China plans CNBCNvidia's CEO says it's in talks with Trump administration on a new chip for China AP NewsNvidia Orders Halt to H20 Product
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The Dow logged its first record close of the year and bond yields fell after Federal Reserve Chair Jerome Powell struck an upbeat tone on a September interest-rate cut.
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In a CNBC interview, the policymaker did not share the market's enthusiasm for a cut.
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Dow soars 900 points to record as Powell speech sparks market rally: Live updates CNBCJerome Powell Suggests Fed Will Soon Cut Interest Rates in Jackson Hole Speech The New York TimesTrump moves to oust Federal Reserve Chair Jerome Powell in unprecedented move NBC NewsLeaders, laggards after Powell's speech — plus, key Starbucks, Honeywell updates CNBC
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President Trump now enjoys almost unconstrained power.
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Eli Lilly cut its outlook for fourth-quarter revenue citing sluggish growth in the market for incretin, which increases insulin levels.
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