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Wall Street rallies after swerving on Fed chair’s comments

Por: Los Angeles Times Business February 08, 2023

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Wall Street rallied Tuesday after the Federal Reserve signaled last week’s strong jobs report won’t by itself change where interest rates are heading, as some investors had feared. The Standard & Poor's 500 climbed 1.3% to close a shaky day during which stocks pinballed between losses and gains as Fed Chair Jerome H. Powell gave his first public comments since raising rates last week. The Dow Jones industrial average rose 0.8%, while... + full article



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