Wall Street closes session with indexes adding more than 1.50% on Fed day

The New York Stock Exchange closed Friday's session in positive territory. The Dow Jones Industrial Average rose 1.89% to 45,631.74 points, the S&P 500 gained 1.51% to 6,466.48 points, and the tech-heavy Nasdaq gained 1.88% to 21,496.54 points.

Wall Street closed sharply higher on Friday, boosted by Federal Reserve Chairman Jerome Powell 's speech in Jackson Hole , in which he paved the way for a September interest rate cut .

The Dow Jones renewed its all-time high.

"Our benchmark interest rate is now 100 basis points closer to neutral than it was a year ago, and the stability of the unemployment rate and other labor market indicators allows us to exercise caution when considering changes to our policy stance. However, with monetary policy in tightening territory, the underlying outlook and the shifting balance of risks may warrant an adjustment to our stance ," the Fed chair noted.

The Fed chairman's statements were decisive for US indices, which, in a weekly comparison , recovered almost all the ground lost in previous sessions and closed the week with mixed results.

Today, it became known that the US government will indeed acquire a 10% stake in Intel. The announcement was made this Friday by US President Donald Trump, who stated that the government has already reached an agreement with the company undergoing restructuring. The capital investment will be made through the conversion of subsidies under the CHIPS Act into shares, worth $11 billion—money intended to strengthen semiconductor production for military and commercial use.

Intel shares soared 6.6% on the announcement, but closed up 5.30%.