[Breaking] New York Stock Market Closes Higher on Powell's Remarks... Nasdaq Up 1.9%

[Asia Economy New York=Special Correspondent Joselgina] Major indices of the U.S. New York stock market closed higher on the 7th (local time) following Federal Reserve (Fed) Chairman Jerome Powell's comments on disinflation.

On that day, the Dow Jones Industrial Average closed up 0.78% compared to the previous session. The large-cap focused S&P 500 index rose 1.29%, and the tech-heavy Nasdaq index closed up 1.9%.