The Dow rose 247.48 points, or 0.73%, to 34,346.9, the S&P 500 gained 29.4 points, or 0.67%, to 4,405.71 and the Nasdaq Composite added 126.67 points, or 0.94%, to 13,590.65.
NEW YORK: US stocks ended a volatile session higher on Friday as investors digested comments from Federal Reserve chair Jerome Powell that the US central bank may need to raise interest rates further to ensure inflation is contained.
Powell also acknowledged that price pressures have eased in his much-anticipated morning speech at the Economic Policy Symposium at Jackson Hole, Wyoming.
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