- US stocks closed at record highs on Friday after Fed Chairman Jerome Powell eased investor concerns about tapering its monthly bond purchases.
- The
S&P 500 and Nasdaq closed at record highs, while the Dow Jones soared nearly 250 points. - Powell signaled that any decision on tapering its monthly bond purchases would be independent from its decision on raising interest rates.
- Sign up here for our daily newsletter, 10 Things Before the Opening Bell>$4.
US stocks closed at record highs on Friday after Fed Chairman $4 its monthly bond purchases during the Jackson Hole speech.
The record close for the S&P 500 represented its 52nd close so far this year. The Nasdaq also closed at record highs, while the Dow Jones was up nearly 250 points.
Powell signaled that the decision to taper the Fed's monthly bond purchases, which total about $120 billion, would be made independent of raising interest rates. The Fed still doesn't expect to raise interest rates until at least 2023, as it continues to monitor progress of the economic recovery from COVID-19.
Here's where US indexes stood at the 4:00 p.m. ET close on Friday:
- S&P 500>$4: 4,509.40, up 0.88%
- Dow Jones Industrial Average>$4: 35,454.81, up 0.69% (241.69 points)
- Nasdaq Composite>$4: 15,129.50, up 1.23%
Poly Network said all of the $610 million stolen by a hacker earlier this month $4 the final $33 million that was frozen.
Shares of $4 amid an apparent short-squeeze and increased social media chatter.
$4, according to a Friday press release. The electric vehicle maker is seeking a valuation of up to $80 billion, and hopes to go public in late November, according to Bloomberg.
Bank of America gave $4 as it scales up production to meet demand for its oat milk products.
China intends to ban US stock listings for tech companies that have troves of sensitive user data, $4 The move comes following the troubled IPO of ride-hailing giant Didi.
$4 CEO Tim Cook $4 he received in a performance payout, netting him a total $355 million after paying taxes.
Oil prices jumped. $4 was up as much as 2.09%, to $68.83 per barrel. $4, oil's international benchmark, rose 2.21%, to $72.64 per barrel.
$4 jumped as much as 1.46 %, to $1,821.20 per ounce.