S&P 500 Gains and Losses Today: Index Surges as Expectations of a Rate Cut Climb
1. S&P 500 rose 1.5% on rate cut comments from Fed Chair Powell. 2. Solar stocks, including Enphase Energy, surged due to lower financing cost prospects. 3. Powell's comments favor housing market companies, boosting stocks like Builders FirstSource. 4. Lower rates may increase discretionary spending, aiding travel and leisure sectors. 5. Intuit's weaker outlook caused its shares to fall amidst otherwise positive market trends.