S&P 500, Nasdaq end week on records after comments from Powell’s Jackson Hole

Shares ended higher Friday, with the S&P 500 and Nasdaq Composite closing a record after Federal Reserve Chairman Jerome Powell said he was in favor of phasing out asset purchases by the central bank this year, but did not offer a specific timetable. . The Dow Jones Industrial Average DJIA,
+0.69%
rose around 243 points, or 0.7%, to finish at 35,456. The S&P 500 SPX,
+0.88%
gained about 39 points, or 0.9%, and closed nearly 4,509, while the Nasdaq COMP,
+1.23%
ended at 15,130, up about 184 points, or 1.2%. For the week, the Dow was up 1%, while the S&P 500 was up 1.5% and the Nasdaq was up 2.8%.

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