U.S. stocks rallied, rising near session highs after Federal Reserve Chairman Jerome Powell said the central bank wasn’t actively considering bigger interest-rate increases in the coming months.
The S&P 500 jumped about 3% in Wednesday trading as of 4 p.m. ET, while the Dow Jones Industrial Average gained 933 points, or 2.8%, and the Nasdaq Composite was up 3.2%. All three indexes had been down earlier in the day.
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