How major US stock indexes fared Friday, 8/25/2023

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Wall Street closed higher, breaking a 3-week losing streak, after the head of the Federal Reserve said it will “proceed carefully” as it decides what to do with interest rates.

The Dow Jones Industrial Average rose 247.68 points, or 0.7%, to 34,346.90.The Russell 2000 index of smaller companies rose 7.35 points, or 0.4%, to 1,853.63.The Nasdaq is up 299.87 points, or 2.3%.The S&P 500 is up 566.21 points, or 14.7%.The Russell 2000 is up 92.38 points, or 5.2%.

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