U.S. stock indices rebounded and closed with a 1-1.5% growth
Indices returned to growth after the fall on Wednesday, which was associated with the comments of the head of the Federal Reserve Jerome Powell that the crisis in the economy may drag on.
As of 03.01 SGT time, Dow Jones Industrial Average (DJIA) index grew by 1.62% to 23625.34 points, NASDAQ hi-tech companies index rose by 0.91% to 8718.52 points, the S&P 500 broad market index went up by 1.15% to 2852.50 points.
On Wednesday, the head of the U.S. Federal Reserve (FRS) Jerome Powell expressed concern about the long-term impact of the pandemic on the economy, while he excluded the possibility of a negative interest rate, which was mentioned earlier this week by President Donald Trump.
After that, the stock exchanges went down. At Wednesday's closing, Dow Jones Industrial Average (DJIA) fell by 2.17%, NASDAQ hi-tech index - by 1.55%, S&P 500 broad market index - fell by 1.75%.