US market today: Wall Street edges higher before Jerome Powell speech; Dow rises 273 points, global cues supportive

Wall Street experienced a significant surge following Federal Reserve Chair Jerome Powell's indication of potential interest rate cuts, though without a specific timeline. The S&P 500 erased weekly losses, while the Dow Jones Industrial Average soared, fueled by investor optimism and corporate news. Bond markets rallied, and overseas markets mirrored Wall Street's positive sentiment.