Stocks Surge Following Fed Chair Powell's Indication of Reduced Interest Rates

Stock Market Performance: Major U.S. stock indexes, including the S&P 500, Dow Jones, and Nasdaq, experienced significant gains today, with the Dow reaching a new all-time high following dovish comments from Fed Chair Powell regarding potential rate cuts.

Federal Reserve Insights: Fed Chair Powell indicated that rising downside risks to employment may necessitate adjustments in monetary policy, increasing the likelihood of a rate cut at the upcoming FOMC meeting to 90%.

Geopolitical Developments: U.S. Vice President Vance highlighted ongoing negotiations aimed at ending the Russia-Ukraine conflict, focusing on security guarantees for Ukraine and potential territory discussions.

Tariff Changes and Economic Impact: President Trump expanded tariffs on steel and aluminum to over 400 consumer items, while also announcing plans for additional tariffs on semiconductors, which could raise average U.S. tariffs significantly.