US stocks end on positive note
Donate
ISTANBUL (AA) – US markets closed higher Tuesday after Fed Chair Jerome Powell’s remarks about fighting high inflation,
“We are going to keep pushing until we see” inflation come back to 2%, he said, adding that the central bank has the tools and the resolve to get it down.
He also signaled new interest rate hikes in coming meetings and said the markets have already priced a series of hikes for the future.
The blue-chip Dow Jones industrial average ended up 1.34%, or 441.17 points, at 32,654.
The S&P 500 rose 80.84 points, or 2.02%, to close at 4,088.
The tech-heavy Nasdaq increased 321.73 points, or 2.76%, to 11,984.
Turkey’s benchmark stock index Borsa Istanbul closed up 0.17% to 2,394.83 points.
Major stock exchanges in Asia and Europe also posted increases.
- bio
- latest posts
Executives Talk
Meet The Influencers
Their Life Their Story
Editor’s Picks
Most Popular
DAY
-
Markets mixed as strong US jobs data fans Fed rate hike bets - Most Asian markets rise but Taiwan fears keep confidence in check
- Flight tracking exposure irks billionaires and baddies
- Patagonia calls out climate deniers with blunt message on label
- OPEC+ meeting to test Biden’s Saudi oil entreaty
- Twitter to Label Tweets by Leaders Who Break Its Rules
WEEK
- Price spike: Higher fuel prices test US economy
- Patagonia calls out climate deniers with blunt message on label
- Fashion’s past and present commune at New York’s Met
- Facebook says it’s fielding questions by US regulators
- OPEC+ meeting to test Biden’s Saudi oil entreaty
- Most Asian markets rise but Taiwan fears keep confidence in check
MONTH
- Twitter stock sinks as Musk mocks lawsuit threat
- GE Announces the Successful Completion of the Open Cycle of the Azito Phase IV Power Plant, Generating Approximately 8% of Ivory Coast Current Installed Electricity Capacity
- Patagonia calls out climate deniers with blunt message on label
- The concept for Amazon came to me in 1994. The idea of building an online bookstore with millions of titles
- Madinat Jumeirah: Dubai’s Stunning Four Hotel Beach Resort Offers Unirvalled Benefits for Summer Staycations
- Fashion’s past and present commune at New York’s Met
POST YOUR COMMENTS
LMBCBUSINESS.COM uses both Facebook and Disqus comment systems to make it easier for you to contribute. We encourage all readers to share their views on our articles and blog posts. All comments should be relevant to the topic. By posting, you agree to our Privacy Policy. We are committed to maintaining a lively but civil forum for discussion, so we ask you to avoid personal attacks, name-calling, foul language or other inappropriate behavior. Please keep your comments relevant and respectful. By leaving the ‘Post to Facebook’ box selected – when using Facebook comment system – your comment will be published to your Facebook profile in addition to the space below. If you encounter a comment that is abusive, click the “X” in the upper right corner of the Facebook comment box to report spam or abuse. You can also email us.