Finance

What happened to the stock market Thursday: Fed moves lift stocks

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US Federal Reserve Chairman Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington, DC on July 31, 2019.

Andrew Caballero-Reynolds | AFP | Getty Images

Dow Jones Industrial Average jumps 285 points

The Dow rallied 285.80 points, or 1.22%, to close at 23,719.37. The S&P 500 advanced 1.45% to 2,789.82 The Nasdaq Composite gained 0.77% to 8,153.58. Stocks rallied to end a historic week of gains after the Fed unveiled even more measures to help the economy during the coronavirus outbreak.

More Fed plans

The Fed announced as slew of programs, including loans geared towards small and medium sized businesses, that will total up to $2.3 trillion….



Source cnbc.com

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