The Dow Jones Industrial Average rebounded on Friday after New York Federal Reserve President John Williams suggested the central bank could cut interest rates yet again this year.
The blue-chip index gained 493.15 points, or 1.08%, to close at 46,245.41. The Nasdaq Composite advanced 0.88% to settle at 22,273.08, while the S&P 500 finished 0.98% higher at 6,602.99.
“I view monetary policy as being modestly restrictive, although somewhat less so than before our recent actions,” Williams said in remarks for a speech in Santiago, Chile. “Therefore, I still see room for a further adjustment in the near term to the target range for the federal funds rate to move the stance of policy closer to the range of neutral, thereby maintaining the balance between the achievement of our two goals.”
Source: https://www.cnbc.com/2025/11/20/stock-market-today-live-updates.html