Dow Blasts Higher After Controversial Fed Pick Ditches Trump

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By CCN: The stock market shot higher on Friday, enabling the Dow to slam the brakes on its multiday decline. Meanwhile, President Trump dropped the shocking announcement that controversial Federal Reserve nominee Stephen Moore had yanked his name from consideration. Dow Races Higher After Two Days of Brutal Declines As of 11:04 am ET, the Dow Jones Industrial Average had jumped 153.38 points or 0.58%, launching the DJIA to 26,461.17. The S&P 500 and Nasdaq surged even higher, leaping 0.82% to 2,941.52 and 1.3% to 8,141.35. On Thursday, the Dow had recorded its second straight triple-digit loss, falling 122.35 points

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