At 4:00 p.m. ET (20:00 GMT), the Dow Jones Industrial Average rose 846 points or 1.9% to hit a fresh record close of 45,631.74. the S&P 500 index gained 1.6%, and the NASDAQ Composite climbed 2%.

Investors have grown used to looking at the market through a single lens, usually the S&P 500 or the Nasdaq-100 index. But ...

U.S. stocks closed higher, with the Dow scoring a record high, after Fed Chair Powell suggested it was time to consider rate cuts again.

The EV-maker's stock led gains for the Magnificent Seven during the broad market rally, rising 6.2%. Alphabet picked up 3.2%.

Builders FirstSource and other home building stocks jump as Federal Reserve Chairman Jerome Powell signals interest-rate cuts ...