Read more about US Market surges as Powell soothes inflation fears on Business Standard. At the close of trade, the Dow Jones Industrial Average index rose 424.51 points, or 1.35%, to 31,961.86. The S&P500 index added 44.06 points, or 1.14%, to 3,925.43. The tech-heavy Nasdaq Composite Index grew 132.77 points, or 0.99%, to 13,597.97.