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US stock: S&P 500, Nasdaq boosted by chip rally, Fed rate cut signals
Wall Street stocks rallied Wednesday after the US Federal Reserve signaled it could cut interest rates as soon as September, with tech shares leading the way. Major US indices spent almost the entire day in positive territory, hitting peaks during Fed Chair Jerome Powell's press conference before edging down a bit.
Wall Street stocks rallied Wednesday after the US Federal Reserve signaled it could cut interest rates as soon as September, with tech shares leading the way. Major US indices spent almost the entire day in positive territory, hitting peaks during Fed Chair Jerome Powell's press conference before edging down a bit. 
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