Nasdaq, S&P, Dow rip higher after Fed chief Powell says progress made against inflation

Feb. 01, 2023 3:45 PM ETS&P 500 Index (SP500), DJI, COMP.INDUS10Y, US2Y, DXYBy: Anuron Mitra, SA News Editor95 Comments

Markets Open After S&P Falls Nearly 4% On Monday

Spencer Platt

U.S. stocks on Wednesday pared their losses and moved higher after Federal Reserve chair Jerome Powell acknowledged that a "disinflationary process" had started, but cautioned that the central bank had more "work to do" and signaled more rate hikes ahead.

Recommended For You

Comments (95)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.