Powell says Fed can afford to be a little more cautious
Salesforce jumps after beating Q3 revenue estimates
November ADP private payrolls at 146,000 versus 150,000 estimate
Indexes: Dow up 0.7%, S&P 500 up 0.6%, Nasdaq up 1.3%
NEW YORK, Dec 4 (Reuters) – All three major U.S. stock indexes scored record closing highs on Wednesday as technology shares rallied after upbeat results from Salesforce and as comments by Federal Reserve Chair Jerome Powell gave a late boost to the market.
The economy is stronger than it appeared in September when the central bank began cutting interest rates, allowing policymakers to potentially be a little more cautious i