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Dow Has Best Month in 3 Years, S&P Has Best January Performance Since 1987
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The Dow Jones Industrial Average fell 15 points, or 0.06%, to 25,000, the S&P 500 rose 0.86%, and the Nasdaq gained 1.37%.
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Wall Street Overview
The major indices had their best monthly performance in years as markets look to claw back from a dismal end to 2018.
The Dow Jones Industrial Average had its best monthly performance since March 2016, rising 7% during the year's first month, while the S&P 500 had its best January performance since 1989.
Fed Chairman Jerome Powell said that weakening global growth, along with the lack of U.S. inflationary pressures, meant the central bank was able to "be patient" in its assessment of the need for further policy tightening, while he and his colleagues on the Federal Open Market Committee removed a reference to "further gradual hikes" later this year in the official statement published Wednesday.
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https://www.thestreet.com/markets/dow-fa...y-14851252
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The Dow Jones Industrial Average fell 15 points, or 0.06%, to 25,000, the S&P 500 rose 0.86%, and the Nasdaq gained 1.37%.
...
Wall Street Overview
The major indices had their best monthly performance in years as markets look to claw back from a dismal end to 2018.
The Dow Jones Industrial Average had its best monthly performance since March 2016, rising 7% during the year's first month, while the S&P 500 had its best January performance since 1989.
Fed Chairman Jerome Powell said that weakening global growth, along with the lack of U.S. inflationary pressures, meant the central bank was able to "be patient" in its assessment of the need for further policy tightening, while he and his colleagues on the Federal Open Market Committee removed a reference to "further gradual hikes" later this year in the official statement published Wednesday.
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https://www.thestreet.com/markets/dow-fa...y-14851252
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