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Powell's Dovish Stance Ignites Rally In Stocks Craving Lower Borrowing Costs: 3 ETFs Positioned For Fed Rate Cuts

Benzinga ·  15:39

Certain exchange-traded funds, or ETFs, experienced a significant surge following Fed ChairJerome Powell's speech at the Jackson Hole Symposium.

"The time has come for policy to adjust," Powell said in a speech.

The reassuring statement regarding upcoming rate cuts sparked a strong rally in the most interest rate-sensitive corners of the stock market during Friday's session. Here's a look at three of the top-performing industry ETFs on Friday: regional banks, solar, and home builders.

1) Regional Banks

TheSPDR S&P Regional Banking ETF (NYSE:KRE) surged 5% by 3:00 p.m. ET, setting up for...

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