Wall Street adds to gains on Powells comments

U.S. stocks added to their healthy gains on Friday, after Federal Reserve Chairman Jerome Powell`s comment that the central bank will be sensitive to the downside risks the market is pricing in helped calm worries about slowing global growth.

The market opened strongly after a better-than-expected jobs report added to the optimism from proposed trade talks between the United States and China next week.

At 10:39 a.m. ET, the Dow Jones Industrial Average was up 592.20 points, or 2.61 percent, at 23,278.42, the S&P 500 was up 66.45 points, or 2.71 percent, at 2,514.34 and the Nasdaq Composite was up 213.19 points, or 3.30 percent, at 6,676.69.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)