S&P 500, Nasdaq End At Records After Fed Speech 25 August 2018

Wall Street stocks jumped to fresh records on Friday after Federal Reserve Chair Jerome Powell said there was no sign of an overheating economy and policymakers expected to continue gradual interest rate increases.

New York, (UrduPoint / Pakistan Point News - 25th Aug, 2018 ) :Wall Street stocks jumped to fresh records on Friday after Federal Reserve Chair Jerome Powell said there was no sign of an overheating economy and policymakers expected to continue gradual interest rate increases.

At the closing bell, the broad-based S&P 500 was up 0.6 percent to 2,874.77, its first closing record since January.

The Nasdaq rose 0.9 percent to 7,945.98, also a fresh record, while the Dow Jones Industrial Average gained 0.5 percent to 25,790.91, about 825 points below its all-time high.