U.S. stocks powered higher on Friday, shrugging off tough talk from Federal Reserve Chairman Jerome Powell about it being too early to talk about rate cuts. The Dow Jones Industrial Average DJIA, gained about 294 points, or 0.8%, ending near 36,245, according to preliminary FactSet data. The S&P 500 index SPX, rose 0.6%, while the Nasdaq Composite Index COMP, gained 0.6%. All three indexes also ended the week higher for five straight weeks. The gains allowed the Dow to clinch its highest close since since January 2022, while the S&P...

U.S. stocks were trading near two-year highs on Friday as traders brushed off tough talk from Federal Reserve Chairman Jerome Powell about it being too soon to talk about rate cuts. Powell, in a speech at Spelman College in Atlanta, said it would be premature to speculate on when policy might ease, while repeating that the Fed remains ready to raise interest rates if needed, as it works to bring inflation down to its 2% yearly target. While the Fed exerts control over short-term rates, now at a 22-year high...

The Dow Jones Industrial Average is climbing Friday afternoon with shares of Salesforce and Walgreens Boots leading the way for the index. Shares of Salesforce CRM, and Walgreens Boots WBA, have contributed to the index's intraday rally, as the Dow DJIA, is trading 311 points (0.9%) higher. Salesforce's shares have climbed $11.16, or 4.4%, while those of Walgreens Boots have climbed $0.59 (3.0%), combining for a roughly 77-point boost for the Dow. Nike NKE, , Caterpillar CAT, , and American Express AXP, are also contributing significantly to the gain. A...

Shares of Salesforce and Walgreens Boots are seeing positive momentum Friday morning, lifting the Dow Jones Industrial Average into positive territory. The Dow DJIA, was most recently trading 200 points, or 0.6%, higher, as shares of Salesforce CRM, and Walgreens Boots WBA, have contributed to the index's intraday rally. Salesforce's shares have risen $7.86, or 3.1%, while those of Walgreens Boots are up $0.41, or 2.1%, combining for a roughly 55-point boost for the Dow. Also contributing significantly to the gain are Nike NKE, , Chevron CVX, , and Home...