Stocks rebounded on Powell's comments, oil prices rose, but Trump's remarks tempered gains.

From Nasdaq: 2025-03-10 09:38:00

Wall Street closed higher on Friday, with the S&P 500 rebounding on comments by Fed Chair Jerome Powell. The Dow Jones gained 0.5%, the Nasdaq rose 0.7%, and the S&P 500 advanced 0.6%. Energy, utilities, and tech stocks saw gains. Oil prices rose but were tempered by Trump’s comments on potential sanctions against Russia.

Powell’s remarks on waiting to see the impact of policy changes boosted markets. American Water Works and Apple stocks rose. Oil prices climbed, but Trump’s words affected the gains. The week saw significant declines in the S&P 500, Nasdaq, and Dow, driven by trade policy uncertainty. Economic data showed a rise in nonfarm payroll employment and a slight increase in the unemployment rate.

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Read more at Nasdaq: Stock Market News for Mar 10, 2025