[Breaking] Powell's Remarks Lift New York Stocks to Close Higher... Nasdaq Up 4.41%
[Asia Economy New York=Special Correspondent Joselgina] Major indices of the U.S. New York stock market closed higher on the 30th (local time) following remarks by Jerome Powell, Chairman of the Federal Reserve (Fed), suggesting that the rate hike increments could be reduced as early as December.
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On this day, the Nasdaq index, which is technology stock-centered, closed up 4.41% compared to the previous session. The Dow Jones Industrial Average, composed of blue-chip stocks, rose 2.16%, and the S&P 500 index, focused on large-cap stocks, closed up 3.08%.
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