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Dow soars 600 points on interest rate hopes

Stocks on Wall Street rallied after US Federal Reserve Chairman Jerome Powell suggested interest rates may not have much higher to go. 
The Dow Jones Industrial Average surged more than 600 points, or 2.5%, to 25,366.43, while the broader S&P 500 index rose 2.28% to 2,743.43.
In a speech to the Economic Club of New York, Mr Powell said: "Interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy - that is, neither speeding up nor slowing down growth."
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