Stock Market Today: Nasdaq Leads The Way As Stocks Celebrate Powell’s Comments

News Snapshot:

Major indexes improved midway through the stock market today, as investors were comforted by Federal Reserve Chairman Jerome Powell's comments Wednesday regarding future interest rates. X Powell told the House Financial Services Committee it was too soon for rate cuts, but added they are likely "at some point" this year. He indicated there's a sweet spot between cutting rates too soon — and by too much — and waiting too long to ease policy. He said waiting too long could unduly weaken economic activity and employment. Powell was still testifying before the House panel at noon ET Wednesday. He also...