By WSJ Staff
Traders dialed up bets on a September rate reduction and U.S. stock indexes surged, following Federal Reserve Chair Jerome Powell's remarks. Shares in Intuit, the tax-prep software company, fell 5% after a sales-growth outlook below expectations. Zoom shares surged after the videoconferencing company raised its full-year outlook.
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(END) Dow Jones Newswires
August 22, 2025 18:37 ET (22:37 GMT)
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