November 28, 2018 / 9:12 PM / in 16 days

US STOCKS SNAPSHOT-U.S. stocks rally, investors bet on slower rate hikes

Nov 28 (Reuters) - Wall Street rallied on Wednesday, multiplying its gains as investors bet on a moderation in the pace of U.S. monetary policy tightening after comments from Federal Reserve Chair Jerome Powell.

The Dow Jones Industrial Average rose 617.64 points, or 2.5 percent, to 25,366.37, the S&P 500 gained 61.61 points, or 2.30 percent, to 2,743.78 and the Nasdaq Composite added 208.89 points, or 2.95 percent, to 7,291.59. (Reporting by Stephen Culp in New York Editing by James Dalgleish)

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