The S&P 500 soared past the 5,150-point mark during midday trading in New York, reclaiming its record-high territory set earlier in the week. This surge was propelled by reassuring comments from Fed Chair Jerome Powell regarding potential interest rate declines.Addressing the Senate Banking Committee, Powell indicated that the Fed is not too far from being confident enough to cut rates suggesting a growing inclination among policymakers to initiate easing policy this year.Powell's statements injected fresh optimism into the markets, with the tech-heavy Nasdaq 100 climbing to 18,290, nearing its previous record of 18,333 points achieved just days
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