Weekly market recap
All three major stock indexes finished the week higher. The $Dow Jones Industrial Average(.DJI.US)$increased 1.52 % this week, while $S&P 500 Index(.SPX.US)$gained 0.96% and the $Nasdaq Composite Index(.IXIC.US)$moved 2.82% higher.
Powell said inflation is solidly around the central bank's 2% target rate, one of the goals of the Fed’s dual mandate; however, the Fed chairman also explained why he continues to think the current inflation rise is transitory and will eventually drop to the target level.
Here's a look at the return of S&P 500 sectors:
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