U.S. stocks rose Thursday as investors digested remarks from Federal Reserve Chairman Jerome Powell and the European Central Bank took forceful action to tamp down inflation.
The S&P 500 rose 26.31 points, or 0.7%, to 4006.18. The blue-chip Dow Jones Industrial Average gained 193.24 points, or 0.6%, to 31774.52, while the tech-heavy Nasdaq Composite added 70.23 points, or 0.6%, to 11862.13.
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