Dow Jones Climbs, S&P Holds Key Level As Investors Seem Pleased With Powell’s Comments (Live Coverage)

The major stock indexes closed higher Friday after the stock market had a favorable reaction to Fed Chair Jerome Powell’s comments on the U.S. economy. The Dow Jones Industrial Average reversed higher 0.5%, making a stand above the 42,000 level and the 40-week moving average. The S&P 500 climbed nearly 0.6% and, perhaps most important, found support at its 200-day…