Power Breakfast: Dow Jumps 750 Pts After Powell Signals Smaller Rate Hikes; SGX Nifty Crosses 19,000 For The First Time

Signs of a slow rate hike by the Fed spurred US markets. SGX Nifty crossed 19,000 for the first time. Nikkei gained nearly 300 points. Dow Jones closed up by 750 points on Wednesday. Nasdaq jumped 4.4%, S&P 500 added 3% and the Russell 2000 climbed 2.7%. META shares gained 7%, Alphabet rose 6% and the shares of Apple gained 5%. The 10-year bond yield slipped to 3.6%.