By CCN: The Dow and broader U.S. stock market rebounded sharply on Tuesday after Federal Reserve Chairman Jerome Powell more or less laid the groundwork for rate cuts in the near future. The Fed chief’s comments came less than a day after CCN reported that Wall Street was becoming more convinced that the era of ultra-loose monetary policy would return very soon. Dow Returns to Strength; S&P 500, Nasdaq Follow All of Wall Street’s major indexes posted massive gains on Tuesday, mirroring a strong pre-market for Dow futures. The blue-chip Dow Jones Industrial Average advanced 432.18 points, or 1.7%, to
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