US Federal Reserve Chairman Powell said that due to the high degree of uncertainty about the impact of the Russian-Ukrainian war on the US economy, he is inclined to raise interest rates by 0.25% in March, and will pay close attention to the situation and respond to changing prospects.
Stimulated by his remarks, U.S. stocks performed well on Wednesday, with the Dow once soaring 718 points to a high of 34,013 points.
The benchmark and Nasdaq also rose more than 1%.
Apple announced that it will hold a press conference on March 8 and is expected to launch a cheap version of the 5G iPhone, and its shares rose 2.06%.
Bank stocks rebounded, with JPMorgan Chase and Goldman Sachs both up more than 2 percent.
The Dow Jones index closed at 33,891 points, up 596 points or 1.79%; the S&P 500 closed at 4,386 points, up 80 points or 1.86%; the Nasdaq index closed at 13,752 points, up 219 points or 1.62%.
Apple rose 2.06%, AMD rose 3.91%, Tesla rose 1.8%, Meta rose 2.27%, Goldman Sachs rose 2.49%, and JPMorgan Chase rose 2.07%.
U.S. billionaire investor: Financial market’s reaction to Russia-Ukraine conflict overinflation is the big problem year high