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Benzinga

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Piero Cingari

Powell Hints At Interest Rate Cuts, Wall Street Cheers With Big Rally: This Week In Markets

Jerome Powell Palantir Technologies Inc US Federal Reserve

wall street ai6

A week that began with a robust selloff in tech stocks, triggered by fading AI euphoria and a 20% drawdown in Palantir Technologies Inc. (NASDAQ:PLTR), ended with a euphoric rally across Wall Street, powered by unexpectedly dovish signals from Federal Reserve Chair Jerome Powell.

IWM ETF rallied sharply on Friday. Check live prices here.

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Alaska Democrat Mary Peltola and her family were hurt in a weekend car crash; an eight-stop Senate campaign tour is delayed days before the November 3 election

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