US close: Stocks surge as Powell puts September cut on the table
The S&P 500 jumped 1.6% to 5,522.30, while the Nasdaq surged 2.6% to 17,599.40. The Dow, however, only rose 0.2% to 40,842.79 with the index now just inches away from its all-time closing high of 41,198,08 reached on 17 July. The Fed's two-day …