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ASX to jump as Wall Street gets boost from Fed chief
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Wall Street regains footing after Powell calms inflation jitters
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ASX to jump as Wall Street gets boost from Fed chief
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Provided by Dow Jones
By Joe Wallace and Amber Burton U.S. stocks rose Tuesday, signaling that major indexes may extend this week s gains ahead of earnings from technology giants Amazon.com and Google parent Alphabet. The S&P 500 rose 1.4% as of the 4 p.m. close of trading in New York, a day after the broad stocks gauge posted its biggest one-day advance since November. The Dow Jones Industrial Average gained 1.6%, as did the technology-heavy Nasdaq Composite Index. For the fifth straight trading day, stocks at the center of a social media frenzy led by GameStop did the opposite of the Dow industrials.
Provided by Dow Jones
By Joe Wallace and Amber Burton U.S. stocks rose Tuesday, signaling that major indexes may extend this week s gains. The S&P 500 rose 52.45 points, or 1.4%, to 3826.31 a day after the broad stocks gauge posted its biggest one-day advance since November. The Dow Jones Industrial Average gained 475.57 points, or 1.6%, to 30,687.48. The technology-heavy Nasdaq Composite Index climbed 209.38 points, or 1.6%, to 13612.78. For the fifth straight trading day, stocks at the center of a social media frenzy led by GameStop did the opposite of the Dow industrials. Shares of GameStop tumbled $135.00, or 60%, to $90. That wiped out the gains from the past week but keeps the videogame company up 378% for the year.