Dow Jones climbs as Trump eyes Powell replacement at Federal Reserve
U.S. stocks edged higher on Thursday, with slight gains coming amid bullish sentiment surrounding President Donald Trump’s quest to replace Federal Reserve Chair Jerome Powell The Dow Jones Industrial Average rose 0.57%, or over 200 points, while the benchmark S&P 500 gained 0.38%. The Nasdaq Composite was up 0.23% at the open, as investors bet on increased odds of interest-rate cuts by the U.S. central bank.
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