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Fed-Infused Rally Delivers Second Strongest Dow Performance This Year

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By CCN: Fed Chairman Jerome Powell isn’t about to let the stock market crumble on his watch. The Dow took the hint, responding positively to Powell’s measured opening address during a two-day meeting at the Chicago Fed. By the end of the day, the Dow tacked on more than 500 points, reportedly making it the second-best performance this year. Powell referred to the trade issues and committed to acting “as appropriate to sustain the expansion,” saying: “We do not know how or when these issues will be resolved. We are closely monitoring the implications for the U.S. economic outlook.” Investor

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