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Forward Policy Guidance Boosts Stocks

US STOCKS

Stocks surged to new session highs after Chairman Powell comments:
"as the stance of monetary policy tightens further, it'll become appropriate to slow the pace of increases while we assess how cumulative policy adjustments are affecting the economy and inflation." Current levels:

  • DJIA up 269.46 points (0.85%) at 32006.79
  • S&P E-Mini Future up 74.75 points (1.91%) at 3994.75
  • Nasdaq up 367.5 points (3.2%) at 11920.22

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