New York Stock Exchange Closes Higher as Federal Reserve Comments Alleviate Investor Concerns
On Friday, December 20, the New York Stock Exchange ended on a positive note, with officials from the Federal Reserve easing investor worries regarding interest rate trends. The Dow Jones Industrial Average rose by 498.02 points (+1.18%) to close at 42,840.26, while the Nasdaq gained 199.83 points (+1.03%) to finish at 19,572.60. The broader S&P 500 index also saw an increase of 63.77 points (+1.09%) to close at 5,930.85.