The US stock market indexes closed sharply higher on 30 Nov after Federal Reserve Chair Jerome Powell signaled a potential slowdown in interest-rate hikes

Investors cheered as the CME FedWatch Tool showed a 75% chance that Fed will raise interest rates by 50 bps at its December meeting

Earlier the market sentiments were boosted as another reading showed the US economy rebounded more strongly than expected in the third quarter

Dow Jones gained more than 700 points or 2.18% and entered into the bull market while S&P 500 and Nasdaq jumped 3.09% and 4.41 % respectively

Volume on U.S. exchanges was heavy, with 15.0 billion shares traded, against an average of 11.1 billion shares over the previous 20 sessions

The Dow has risen more than 20% since Sept. 30, its low point of the year. That’s how the index is back in a bull market.

An increase or decrease of 20% or more from the current level in an index is defined as entering a bull/ bear market. The S&P, and Nasdaq remains in bear markets

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