NEW YORK, March 7 (Xinhua) -- U.S. stocks ended higher on Thursday, as Federal Reserve Chair Jerome Powell said he expected interest rate cuts to come this year.
The Dow Jones Industrial Average rose 130.30 points, or 0.34 percent, to 38,791.35. The S&P 500 added 52.60 points, or 1.03 percent, to 5,157.36, posting a record closing high. The Nasdaq Composite Index increased 241.83 points, or 1.51 percent, to 16,273.38.
