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The Dow Industrials jumped more than 600 points on Thursday. Tune in to CNBC for Kevin Hassett, director of the National Economic Council.
The Dow Jones ended with gains of over 600 points, marking its best day since August 4, while the S&P 500 ended with gains of over 1%. The Nasdaq Composite also ended 1.4% higher overnight.
Federal Reserve Governor Christopher Waller advocated leaving rates unchanged, provided inflation showed signs of cooling off.
The Dow Jones Industrial Average closed just under 53,700 on Thursday, up roughly 620 points and close to 1.2%, its strongest session since August 4, after a Fed governor said he would be inclined to support holding rates at the September 15-16 meeting if the next two weeks of inflation data behave.
The three major indices ended Thursday’s session at least 1% higher Read more at The Business Times.
(Updates with market moves at the end of the day, and other changes, if any.) The Dow Jones Indus
Stocks rose on Wednesday as U.S. Treasury yields took a breather from the recent run-up that sent them to multiyear highs.
Markets searched for gains after three days of declines and as investors looked ahead to Friday
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