Tesla and Coinbase among the companies that rise the most with the possibility of the Fed cutting interest rates in September

Tesla and Coinbase are among the companies listed on the S&P 500 (a U.S. stock market index of the 500 largest U.S. companies) that benefited most from Federal Reserve Chairman Jerome Powell's speech this Friday in Jackson Hole, which indicated a possible interest rate cut in September. But the green tone extends across virtually every sector that makes up the S&P 500, from financials to leisure.

Jerome Powell said in his speech, quoted by CNBC, that current conditions “may justify” a cut in interest rates.

During his speech in Jackson Hole, Jerome Powell also admitted that higher tariffs “are starting to push up prices” in some categories of goods.

In his speech, Powell also warned of the "increase" in "negative risks" to employment, stressing that if these risks materialize, this could result in a greater number of layoffs and rising unemployment.

"The underlying outlook and the shifting balance of risks may warrant adjusting our policy stance," Powell said, as quoted by CNN.

After Jerome Powell opened the door to a possible interest rate cut upon the Fed's return from its September meetings, CNN reports that traders are giving an 87% chance of the Fed cutting interest rates in September, up from the previous 75%.

Tesla and Coinbase among companies that gain the most value from Powell's statements

The electric car company, led by Elon Musk, is rising 4.3% on the U.S. stock market. Also notable is Coinbase's 5.2% surge.

The healthcare sector also stands out. Danaher gained 3.4%, while Thermo Fisher rose 2.99%.

The Magnificent Seven are also increasing their market value, albeit more modestly. Alphabet (owner of Google) is up 1.8%, Meta is up 1.3%, Microsoft is up 0.7%, Nvidia is up 1.2%, Tesla, as mentioned above, is up 4.3%, Apple is up 1.1%, and Amazon is up 1.2%.

Asset management firms are also having a good day. Blackstone is up 3.4%, KKR is up 3.2%, and Apollo is up 2.3%.

The semiconductor sector is also seeing strong gains. Broadcom stands out, rising 2.4%, Qualcomm 3.2%, Intel 4%, Micron 3.1%, NXP Semiconductors 5.4%, and Texas Instruments 3.3%. AMD 1.3%.

Among the stock market gains, Boeing (2.5%), Nike (3.2%), Estee Lauder (4.3%), Delta Airlines (4%), United Airlines Holdings (3.9%), and American Express (2.6%) also stand out.

Also noteworthy is the travel sector, with Norwegian Cruise Line rising 4.9%, Carnival rising 4.1%, and Royal Caribbean rising 2.9%. Also notable is Expedia's 3.5% rise and Airbnb's 2.4% growth. Booking.com saw a more modest increase, totaling 0.7%.