Stocks hit session highs as Fed’s Powell concludes no recession

  • Stocks hit session highs as Fed's Powell concludes no recession

    All three of the major averages touched session highs after Federal Reserve Chairman Jerome Powell said the U.S. is not in a recession ahead of a fresh read on 2Q GDP due Thursday. Large-cap technology paced the gains with the Nasdaq Composite up nearly 4%, while the S&P 500 added over 3% and the Dow Jones Industrial Average added 471 points.

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