Point Jump and Dow

risk: The S&P 500 and Nasdaq each rose more than 2% as well, according to CNN. Powell reassured investors that the Fed wouldn't risk killing off economic growth by continuing to aggressively raise rates next year. The Dow surged on the news, finishing the day with a gain of 618 points, or 2.5%. It was the fifth-biggest point jump for the Dow ever. Our gradual pace of raising interest rates has been an exercise in balancing risks, Powell said during a speech at the Economic Club of New York. We also know that moving too slowly -- keeping interest rates too low for too long -- could risk other distortions in the form of higher inflation. We know that moving too fast would risk shortening the expansion. (news.financializer.com). As reported in the news.