Wall Street Review: Dow Hits Record, Small Caps Rally as Fed Paves Way for Rate Cuts

The Dow Jones Industrial Average ended last week at a record for the year, and small caps rallied as Fed Chair Jerome Powell paved the way for interest rate cuts in his Jackson Hole speech on Friday.

Meanwhile, mixed corporate and economic headlines and valuation concerns throughout the week tamed the gains for the broader market. At the same time, tech shares failed to regain the ground they lost in the previous trading sessions.