US STOCKS SNAPSHOT-Wall St higher after Powell says gradual rate hikes counter risks

November 29, 2018 / in.investing.com / Article Link

Nov 28 (Reuters) - U.S. stocks rose higher on Wednesday after Federal Reserve Chairman Jerome Powell said that the gradual interest-rate hikes are meant to balance risks as it tries to keep the economy on track.

At 12:01 a.m. EDT the Dow Jones Industrial Average .DJI was up 303.60 points, or 1.23 percent, at 25,052.33, the S&P 500 .SPX was up 23.41 points, or 0.87 percent, at 2,705.58 and the Nasdaq Composite .IXIC was up 64.15 points, or 0.91 percent, at 7,146.85.

A few minutes before the speech, the Dow Jones Industrial Average .DJI was up 186.35 points, or 0.75 percent, at 24,935.08, the S&P 500 .SPX was up 9.76 points, or 0.36 percent, at 2,691.93 and the Nasdaq Composite .IXIC was up 28.90 points, or 0.41 percent, at 7,111.60.

Recent News

Investment banks ahead of the gold price, institutions still behind

April 21, 2025 / www.canadianminingreport.com

Gold stocks up, juniors outperform on small cap strength

April 21, 2025 / www.canadianminingreport.com

Gold stocks rebound to new highs

April 14, 2025 / www.canadianminingreport.com

US$ and bonds not the safe havens normally expected

April 14, 2025 / www.canadianminingreport.com

Crash driven by tech and highly cyclical sectors

April 07, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok