Recent events in the financial markets (all local time):
Wall Street shares climbed Wall Street, making a profit of 600 points in Dow Jones Industrial, after the head of the Federal Reserve hinted at a slower interest rate increase.
The market rose sharply shortly after noon on Wednesday after Federal Reserve Chairman Jerome Powell suggested that the central bank might consider a pause in raising interest rates next year.
The Fed needs to raise interest rates to prevent inflation, but investors fear that they may also slow down economic growth.
Technology stocks have published some of the greatest achievements. Salesforce.com grew by 10.3%.
The Dow climbed 617 points, or 2.5 percent, to 25,366, which is the biggest gain in eight months.
The S & P 500 rose 61 percent, or 2.3 percent, to 2,743.
The composition of the Nasdaq rose by 208 points, or 2.9 percent, to 7,291.
Shares rise sharply after Federal Reserve Chairman Jerome Powell suggested that the central bank might consider a pause in interest rate increases next year.
Powell, speaking in New York on Wednesday, said interest rates seem to be just below what the Fed calls “neutral,” where they do not stimulate growth or prevent it from growing. In October, he said that rates are still well below neutral.
The prospect of a slower interest rate increase was well received on Wall Street.
The Dow Jones Industrial Average jumped 497 points, or 2 percent, to 25,245 during day trading. This more than doubled his winnings after Powell made his comments.
The S & P 500 rose 47 points, or 1.8 percent, to 2,729.
The composition of the Nasdaq rose by 157 points, or 2.2 percent, to 7,240.
US stocks are growing as a software developer Salesforce leads the rally in technology companies.
Salesforce jumped 4.3 percent mid-day on Wednesday after reporting on earnings that were well above analysts' expectations.
Drug stocks were also higher. UnitedHealth Group rose 2.6 percent.
Tiffany fell 12.1 percent after a jewelry retailer said that tourists from China returned for spending in the last quarter.
The S & P 500 index rose 10 points, or 0.4 percent, to 2,692.
The Dow Jones Industrial Average rose 192 points, or 0.8 percent, to 24,939. The Nasdaq rose 32 points, or 0.4 percent, to 7.113.
Bond prices fell. The yield on the 10-year note of the Treasury rose to 3.07 percent.
9:35 in the morning.
Wall Up shares open higher on Wall Street, led by solid profits in major technologies and health care companies.
Apple added 1.2 percent at the start of trading on Wednesday and the insurance company UnitedHealth Group rose 1.8 percent.
Software maker Salesforce.com jumped 6.5 percent after reporting a big win.
Tiffany fell 9.5 percent after Chinese tourists did not spend so much in their stores.
The S & P 500 rose 12 points, or 0.5 percent, to 2.695.
The Dow Jones Industrial Average rose 165 points, or 0.7 percent, to 24.905. The composition of the Nasdaq rose 46 points, or 0.7 percent, to 7,128.
Bond prices fell. The yield on the 10-year note of the Treasury rose to 3.06 percent.