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Posts published by “Samatha Badon”

S&P 500 ends 3-day losing streak. Dow jumps 700 points after Powell signals smaller rate hikes

Indexes close higher following afternoon rallyAll three indexes ended higher Wednesday, coming off a rally on the back of Fed Chair Jerome Powell's comments.The Dow closed up 737.24 points, or 2.18%, to 34,589.77. Meanwhile, the Nasdaq Composite jumped 4.41% to 11,468.00. The S&P 500 added 3.09% to 4,080.11.That marked a reversal from earlier in the…