How major US stock indexes fared Wednesday

U.S. stocks rocketed to their biggest gain in eight months Wednesday after Federal Reserve Chairman Jerome Powell hinted that the Fed might not raise interest rates much further. The Dow Jones Industrial Average surged 617 points.

On Wednesday:

The S&P 500 index climbed 61.62 points, or 2.3 per cent, to 2,743.79.

The Dow Jones Industrial Average soared 617.70 points, or 2.5 per cent, to 25,366.43.

The Nasdaq composite jumped 208.89 points, or 2.9 per cent, to 7,291.59.

The Russell 2000 index of smaller-company stocks leaped 37.53 points, or 2.5 per cent, to 1,530.38.

For the week:

The S&P 500 is up 111.23 points, or 4.2 per cent.

The Dow is up 1,080.48 points, or 4.4 per cent.

The Nasdaq is up 352.61 points, or 5.1 per cent.

The Russell 2000 is up 41.70 points, or 2.8 per cent.

For the year:

The S&P 500 is up 70.18 points, or 2.6 per cent.

The Dow is up 647.21 points, or 2.6 per cent.

The Nasdaq is up 388.20 points, or 5.6 per cent.

The Russell 2000 is down 5.13 points, or 0.3 per cent.