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Closing Bell

Powell Sends Markets Ripping After Jackson Hole Speech 8/22/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 22 August 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

Navigate the Federal Reserve’s market impact with Vince Reinhart and Carole Schleif from BNY Investments analyzing implications from Powell’s speech. T. Rowe Price’s Tony Wang examines the ongoing tech rotation. UBS’s John Lovallo breaks down the housing trade opportunities, while RBC’s Gerard Cassidy provides insights on the banking sector outlook. Adam Crisafulli from Vital Knowledge sets up next week’s key market catalysts as consumer discretionary faces pressure and chips rally.

Transcript

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0:00.0

That's the end of regulation. Young President's Organization ringing the closing ballot, the New York Stock Exchange, a 12th Capitol doing the honors at the NASDAQ.

0:09.8

Stocks soaring today on the back of Fed Chair Powell's speech. Investors noting speech was more dovish than expected.

0:17.0

Markets ending the day in the green, but off the highs, though still some strong gains here. The Dow hitting an all-time high. The S&P just a few points away from a new record. 6467 is the number to watch there, and it doesn't look like as we settle out here, it just, ooh, just shy of it. With today's gain, the Dow and the S&P 500 ending in the green for the week, this is their third weekly gain in a row.

0:39.6

The NASAC, though, unable to post a gain for the week despite today's rebound.

0:44.0

10 of 11 S&P sectors ending higher, consumer discretionary, communication services, energy and materials leading the charge.

0:51.5

Consumer Staples was the only S&P sector to end in the red.

0:55.0

Yields moving lower today with a 10-year back below 4.3%.

1:00.0

The two-year yield, which is the Fed sensitive note, that was lower by more than 10 basis points.

1:06.0

A big move for that. The dollar moving lower by more than 1% following the Powell speech and the move

1:13.4

lower in the greenback sending commodities higher. Gold, silver, copper, platinum, all finishing

1:20.1

higher with silver, the outperformer up more than 2%. The S&P equal weight ETF hitting an all-time

1:26.9

high today as well.

1:27.9

It's the first since November of 2024.

1:30.9

So really strong market breath here.

1:33.5

And a big day for the transports as well.

1:35.6

The Dow Jones Transportation Index of more than 3%.

1:39.0

The move was led by airlines.

1:40.7

Also freight names like J.B. Hunt and Old Dominion, all very economically sensitive.

1:47.0

That's the scorecard on Wall Street. Welcome to closing bell over time. I'm Morgan Brennan.

1:51.9

John Ford is off today. Let's get right to this major market rally. Christina Parts Nevelis joins us

1:56.8

from the NASDAQ with a look at the individual sectors that lead today's gains.

2:01.6

Christina.

...

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