U.S. indices rally as Powell signals September rate cuts at Jackson Hole conference

S&P: 5,634.61 (+1.2%)
DJIA: 41,175.08 (+1.1%)
Nasdaq-100: 19,720.87 (+1.2%)
Eurostoxx: 4,909.20 (+0.5%)
U.S. crude futures: 74.83 (+2.5%)

U.S. indices rallied on Friday as Powell indicated towards September rate cuts at the Jackson Hole conference. All three indices gained over 1.0% on Friday, with the Dow Jones closing just shy of 23 points from its record high close. On a week to date basis, the Dow Jones closed 1.3% higher, while the S&P 500 and Nasdaq-100 both closed 1.5% and 1.1% higher respectively. The S&P 500 currently hovers just under 0.6% from its record high close in mid-July.
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