Wall Street Stocks Close Higher, Dow Jones, S&P 500 & Nasdaq Indices Witness Gains | Power Breakfast

Wall Street Stocks Close Higher, Dow Jones, S&P 500 & Nasdaq Indices Witness Gains | Power Breakfast

Wall Street stocks rose Thursday in an afternoon rally as traders tried to shake off concerns over higher interest rates.

The Dow Jones Industrial Average popped 341.73 points, or 1.05%, to close at 33,003.57. Salesforce boosted the Dow, rallying 11.5% on a strong quarter and forward guidance.

The S&P 500 gained 0.76% to close at 3,981.35. The Nasdaq Composite climbed 0.73%, ending the session at 11,462.98.

The S&P 500 and the Nasdaq were under pressure earlier in the day. However, the market turned around in the afternoon after Atlanta Federal Reserve President Raphael Bostic said he’s “firmly” in favor of sticking with quarter-point hikes.

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