Indices end at record highs on tech rally, Powell comments


The Dow rose 308.91 points, or 0.69%, to 45,014.44, the S&P 500 gained 36.59 points, or 0.60%, to 6,086.47 and the Nasdaq gained 254.21 points, or 1.30%, to 19,735.12.

NEW YORK: All three major US stock indices scored record closing highs on Wednesday as technology shares rallied after upbeat results from Salesforce and as comments by Federal Reserve chair Jerome Powell gave a late boost to the market.

The economy is stronger than it appeared in September when the central bank began cutting interest rates, allowing policymakers to potentially be a little more cautious in reducing rates further, Powell said at a New York Times event.

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