Dow rises 254 points as markets rebound from Fed chair's inflation comments

March 22 (UPI) — The Dow Jones gained 254 points Tuesday as markets rebounded following a volatile day of trading brought on by hawkish comments from the head of the Federal Reserve.

The blue-chip Dow rose 0.74% on the day, while the S&P 500 gained 1.13% and the Nasdaq Composite shot up 1.95% after all three major indexes fell slightly on Tuesday after Fed Chair Jerome Powell said inflation is “much too high.”

Advertisement

Leave a Comment