Dow logs best three-day stretch since April as Fed leaves interest rates on hold

U.S. stocks rose on Wednesday, with the S&P 500 capping off its biggest three-day percentage-point gain since March after Federal Reserve Chairman Jerome Powell again suggested that rising Treasury yields were likely aiding the central bank’s fight against inflation. This could potentially ease the pressure on the Fed to push interest rates even higher, which helped boost stocks. The S&P 500 SPX, +1.05% finished higher for the third straight day, rising 44.04 points, or 1.

84, according to preliminary closing data from FactSet. The index has gained nearly 3% over the last three trading days, its biggest such gain since March 31, Dow Jones Market Data show. The Nasdaq Composite COMP, +1.64% gained 210.23 points, or 1.6%, to 13,061, rising for a fourth day. The Dow Jones Industrial Average DJIA, +0.67% gained 221.71 points, or 0.7%, to finished Wednesday at 33,274.58.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fed Meeting Today: FOMC, Interest-Rate Decision in Focus; Dow Futures Edge LowerInvestors and markets await the Federal Reserve's interest-rate decision.
Source: WSJ - 🏆 98. / 63 Read more »

Dow futures trim loss after Treasury refunding announcement, Fed decision awaitedJamie Chisholm is a markets reporter based in London.
Source: MarketWatch - 🏆 3. / 97 Read more »

Dow books worst October since 2020 as U.S. stocks close higher Tuesday before Fed decisionChristine Idzelis is a markets reporter at MarketWatch and is based in New York.
Source: MarketWatch - 🏆 3. / 97 Read more »