Stocks closed positive today as Federal Reserve Chairman Jerome Powell prepared the markets for the central bank to pull back on some of its monetary stimulus, saying it’s likely to start tapering its $120 billion in monthly bond purchases this year.
Dow Jones finished +243 at 35,455
S&P 500 finished +39 at 4,509
NASDAQ finished +184 at 15,129
The 10 Year Treasury closed down 3 basis points yielding 1.30%
Oil prices closed up $1.30 ending at $68.72 a barrel.
Gold prices closed up $26.20 ending at $1,821 an ounce.
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