Today, stocks surged higher following Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Economic Policy Symposium, where he hinted at the possibility of an interest rate cut in September. The Dow Jones Industrial Average rose by about 0.8%, reclaiming all-time high levels, while the S&P 500 and Nasdaq Composite also saw gains, breaking the S&P 500's five-day losing streak. Major tech stocks generally increased, with companies like Alphabet, Microsoft, Apple, Amazon, Broadcom, and Tesla reporting gains. However, Nvidia declined slightly due to supply concerns related to its AI chip production. Some individual stocks moved notably after their earnings reports—Ross Stores saw a surge, while Intuit and Workday experienced declines. Meanwhile, Bitcoin remained relatively stable near its recent lows. Treasury yields slightly decreased, and crude oil futures rose modestly. In summary, the market responded positively to Powell's dovish remarks hinting at easing monetary policy, which improved risk appetite across major indices and key technology stocks today.