Jim Cramer
Adam Jeffery | CNBC
CNBC’s Jim Cramer said on Thursday that Federal Reserve Chairman Jerome Powell’s interest rate-cut hints could spark the beginning of a “new leg to the bull” market in stocks.
U.S. stock futures were higher ahead of the Wall Street open after the S&P 500 on Wednesday briefly broke above 3,000 for the first time ever before finishing just shy of another record close.
Powell on Wednesday gave stocks a boost, bolstering the case for a rate cut later this month, in an appearance before the House Financial Services Committee.
Investors will be watching for any changes in tone from Powell during the question and answer session as he goes before the Senate Banking Committee on Thursday.
