S&P 500, Nasdaq Closes at Record High, Dow Positive for 2020


The S&P 500 and Nasdaq closed at record highs on Friday and the Dow Jones Industrial Average turned positive for the year following comments by Jerome Powell that the Federal Reserve would keep interest rates low even if inflation rose above its target levels.

The S&P 500 rose 0.67% to close at 3,508.01 points and the Nasdaq rose 0.60% to 11,667.63 points.

The Dow finished 161 points, or 0.57%, at 28,653.87, and has risen nearly 0.13% in 2020.

Prime Minister Shinzo Abe said stocks in Japan plummeted on Friday due to deteriorating health. Abe suffers from ulcerative colitis, an inflammatory bowel disease.

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