This is a live blog. Check back for updates. 4:01 pm: Dow rallies 270 points to a record The Dow jumped about 276 points to hit a record close on Wednesday, lifted by solid gains from UnitedHealth and Nike. Apple also rallied 2.4%. The gains brought the blue-chip index’s month-to-date rise to 4.5% as investors […]
Tag: Jerome Powell
What to look for when Fed Chair Powell meets with Congress this week
Federal Reserve Chairman Jerome Powell heads to Capitol Hill on Tuesday at a touchy juncture: The world is awash in fear from a deadly virus outbreak, lawmakers are just getting over a historically bruising political battle, and the central bank continues to fight against the perceived evil of low inflation. In his semiannual remarks to […]
Two Fed moves have boosted stocks, but they could come with a price
The stock market has picked up 2020 pretty much where 2019 left off, thanks in large part to two key Federal Reserve moves that could keep the rally going, at least until something goes wrong. Amid an already strong backdrop for Wall Street, the Fed issued two directives right around the same time in October […]
