Name: Dow closes at record high as Powell signals Fed to remain accommodative
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Dow closes at record high as Powell signals Fed to remain accommodative

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Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Matthew FoxRedeem nowGet the inside scoop on what traders are talking about — delivered daily to your inbox.Something is loading.The Dow closed at record highs on Wednesday after Federal Reserve Chairman Jerome Powell wrapped up his second day of testimony to Congress.Powell reiterated his view that the US economy still has a long way to go before hitting the Fed's unemployment rate and inflation targets, signalling that the Fed is likely to continue remaining accommodative with its near-zero Federal Funds Rate and monthly bond purchases.Technology stocks rebounded following a volatile Tuesday sell-off that was sparked in part by fears of rising interest rates and inflation. The 10-year Treasury yield hit a high of 1.42% on Wednesday.Here's where US indexes stood at the 4:00 p.m. ET close on Wednesday:The volatile trading in bitcoin continued on Wednesday, as it hovered around the $50,000 level. and both said and Ark Invest's EV company with iPhone manufacturer Foxconn to develop a new vehicle scheduled for a release in 2023.&nbsp;A steep decline for this week served as an opportunity for for its investment funds, with the investment management company buying more than 200,000 shares.&nbsp;But not all EVs are being bought up by Ark Invest. hasThe FDA said paving the way for the vaccine to be authorized for emergency use later this week. The healthcare company said it could deliver 100 million of its single-dose vaccines by the end of June.Warren Buffett's right-hand man Charlie Munger blasted Robinhood, the rise of SPAC IPOs, and questioned bitcoin at the Daily Journal annual meeting. Oil prices were higher. jumped as much as 2.53%, to $63.23 per barrel. , oil's international benchmark, rose 2.57%, to $67.05 per barrel.fell 0.3%, to $1,800.40 per ounce.An icon in the shape of a lightning bolt.Keep readingIt indicates an expandable section or menu, or sometimes previous / next navigation options.Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Matthew FoxRedeem nowGet the inside scoop on what traders are talking about — delivered daily to your inbox.Something is loading.The Dow closed at record highs on Wednesday after Federal Reserve Chairman Jerome Powell wrapped up his second day of testimony to Congress.Powell reiterated his view that the US economy still has a long way to go before hitting the Fed's unemployment rate and inflation targets, signalling that the Fed is likely to continue remaining accommodative with its...

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Dow closes at record high as Powell signals Fed to remain accommodative

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