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Fed chair pushes stock rally even higher, Dow rises 800 points

chair

New York( CNN Business) Stocks roared back Friday after investors received three belated New Year’s presents.

The Dow soared by more than 800 points, on tempo for its fourth-biggest point increase of all time. The S& P 500 rose 3.6% and Nasdaq was up 4.4%.

Every sector of the market was up Friday. Simply 16 of the 505 stocks in the S& P 500 indicator were negative. The worst performer, Macy’s( M) was down only a little more than 1 %.

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