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    Diksha D Jadhav in India

    07 Mar 02:30 AM


    US stocks end higher as Powell fuels hopes for rate cuts this year

    On the market front, the Dow Jones Industrial Average rose by 76.32 points, or 0.2%, closing at 38,661.51. The S&P 500 and Nasdaq Composite also saw gains, increasing by 0.51% and 0.58% respectively. The rebound followed a turbulent Tuesday where Wall Streets major indexes lost over 1%, largely due to a downturn in megacap stocks and market jitters preceding Powells remarks.