Tag: MRO

Dow ends nearly 200 points higher after Powell concludes Capitol Hill testimony with vow to battle inflation

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US stocks closed higher Thursday after Federal Reserve Chairman Jerome Powell concluded a second day of congressional testimony with a vow to battle inflation, even if it risks a recession. What happened with stocks? The Dow Jones Industrial Average DJIA rose 194.23 points, or 0.6%, to end near session highs at 30,677.36, after flipping between…

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Dow, S&P 500 climb after Powell says Fed isn’t trying to provoke recession with higher interest rates

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US stock indexes were higher in choppy trade Wednesday after Federal Reserve Chairman Jerome Powell reiterated his commitment to combat inflation, while also suggesting the economy was strong enough to withstand higher interest rates. How are stock indexes trading? The Dow Jones Industrial Average DJIA gained 125 points, or 0.4% to trade around 30,643, after…

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