Dow rallies more than 350 points as U.S. unemployment hits 50-year low
Jonathan Garber, FOXBusiness:Stocks picked up momentum on Friday after Fed Chair Powell, in a speech, said the U.S. economy overall is in a “good place” even though it faces risks.
His comments follow the September jobs report, which showed the U.S. unemployment rate fell to a 50-year low.
Stocks rallied into the close, with the Dow Jones Industrial Average finishing on session highs, up 372 points or 1.4 percent. The S&P 500 and Nasdaq saw similar sized gains.
The U.S. economy a
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