Stock market participants had been looking forward to Wednesday for quite a while, as they anticipated getting valuable insight when Federal Reserve chair Jerome Powell gave a speech about his views on monetary policy. As it turned out, Powell's comments were well-received by investors, and that resulted in solid gains of more than 2% for the Dow Jones Industrial Average (DJINDICES: ^DJI) and even bigger advances for the Nasdaq Composite (NASDAQINDEX: ^IXIC) and S&P 500 (SNPINDEX: ^GSPC).

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Source Fool.com