Stocks rallied Friday after Federal Reserve Chairman Jerome Powell said the central bank will be patient in raising rates.
The Dow jumped more than 800 points as Boeing, UnitedHealth and 3M outperformed. The S&P 500 rallied 3.6 percent, with the tech sector surging. The Nasdaq shot 4.4 percent higher.
Netflix rose sharply after Goldman Sachs added the streaming service to its conviction buy list. Analyst Heath Terry called Netflix “one of the best risk/reward propositions in the Internet sector. ”
Dow member Intel rallied after Bank of America Merrill Lynch upgraded it to buy from neutral.
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