# 3 Things That Will Move the Markets Today 08/23/2025
Markets react to Fed's firm stance on rates, tech earnings surprises, and oil price surge. Here's what's shaping global finance today.
8/23/20251 min read
Wall Street Closes Higher After Powell Hints at Rate Cuts
Dow hits a record closing high, S&P 500 and Nasdaq rally after remarks at Jackson Hole.
Jerome Powell, chair of the Federal Reserve, opened the door for interest rate cuts as soon as September during his Jackson Hole speech, sparking a strong market rally. The Dow Jones gained about 1.9%, hitting its highest close of the year, while the S&P 500 advanced 1.5% and the Nasdaq rose 1.9%.
2. Foreign Investors Pull Billions from Indian Markets
FIIs have sold ₹25,564 crore in equities so far this August.
Foreign institutional investors continued withdrawing funds from India, with cumulative sales reaching ₹25,564 crore this month, reflecting concerns or profit-taking in the local market.
3. Meme Crypto ‘Pepe’ Gets
Unexpected Momentum
PEPE sees a 135% surge in 24-hour trading volume.
The meme cryptocurrency Pepe (PEPE) gained attention with an impressive 135% increase in trading volume over the past 24 hours, becoming one of the most actively traded tokens, now firmly on the radar of speculative investors.
🐝 Quick Take (Buzz Summary)
Today’s market buzz? Powell’s dovish tone lifts U.S. stocks, foreign capital exits India, and meme coin volume explodes.