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Stocks jump, close higher coming off of Fed's rate hold

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Julie Hyman,Nasdaq Composite,Market Performance

US stocks pop Thursday as market indices (^DJI, ^IXIC, ^GSPC) close the session higher, the Dow Jones Industrial Average rising by 323 points and the Nasdaq ...

) close the session higher, the Dow Jones Industrial Average rising by 323 points and the Nasdaq Composite up by 1.51%.1 Magnificent Dividend Stock That’s Down 21% and Trading at a Once-in-a-Decade Valuation

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-- Traders on Wall Street cheered on Wednesday when Federal Reserve Chair Jerome Powell signaled he didn’t see oncoming interest-rate hikes despite inflationary pressures. The celebration didn’t last long.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastJerome Powell Offered Markets a Reprieve.

 

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