Page 6 - சீனா மறுமலர்ச்சி பத்திரங்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Provided by Dow Jones By Will Horner and Paul Vigna U.S. stocks turned higher Wednesday after Federal Reserve Chairman Jerome Powell reiterated his intention to maintain ultralow interest rates and continue the bank s asset-purchase policies. After opening in the red, the major indexes climbed higher after Mr. Powell s comments on the second day of his Congressional testimony. The Dow Jones Industrial Average rose 1.4%, the S&P 500 gained 1.1% and the tech-heavy Nasdaq Composite added 0.8%. Speaking to the Senate Banking Committee, Mr. Powell reaffirmed his commitment to keeping easy-monetary policies unchanged for the foreseeable future, and was generally dismissive of any inflation concerns. That gave investors a reason to ignore rising interest rates or worries that an overheating economy would alter the Fed s thinking.

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