The stock market breathed a sigh of relief after Federal Reserve Chair Jerome Powell indicated interest rate cuts are coming, but the real test is approaching – Nvidia earnings. After five consecutive losses for the S&P 500 Index, Powell’s comments halted concerns and sent the index soaring to its best day since May.
Source: https://www.bloomberg.com/news/articles/2025-08-24/nvidia-earnings-are-the-stock-market-risk-event-after-fed-rally