Dow hits record high as stocks rally on Powell speech, rate cut hopes

The banal marketplace closed astatine grounds highs Friday aft Federal Reserve Chair Jerome Powell sparked assurance successful a September complaint chopped among Wall Street traders. The Dow Jones Industrial Average roseate much than 840 points Friday, gaining 1.9 percent to adjacent astatine a grounds precocious of 45,631.74. The Nasdaq composite besides posted a summation of…