Stocks climb after Powell hints at potential rate cut at Jackson Hole

Stocks rose on Friday after Federal Reserve Chair Jerome Powell signaled a rate cut could be coming, during a speech at policy symposium in Jackson Hole, Wyoming. The Dow Jones Industrial Average climbed 936 points, or 2.1%, as of 11:56 a.m. EST on Friday, while the S&P 500 gained 102 points, or…