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Dow ends up 430 points Tuesday, after Fed's Powell says a 'softish' economic landing is possible

·1 min read
Dow ends up 430 points Tuesday, after Fed's Powell says a 'softish' economic landing is possible
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U.S. stocks finished sharply higher Tuesday after Federal Reserve Chairman Jerome Powell said a "softish landing" for the economy still was possible. The Dow Jones Industrial Average advanced about 431 points, or 1.3%, ending near 32,655, up for a third straight day in a row. It also marked the biggest daily percentage jump for the blue-chip index since its 1.5% gain on Friday, according to FactSet. The S&P 500 index rose 2%, while the Nasdaq Composite Index closed 2.8% higher. Powell said there