The Dow Jones Industrial Average surged nearly 3 percent Friday as the Federal Reserve’s policy of tightening monetary policy helped push global stock markets higher.
The Dow Jones gained 4.16 points, or 0.9 percent, to 23,000.
The S&P 500 rose 2.45 points, to 2,903.
The Nasdaq Composite climbed 3.43 points, and the Russell 2000 index climbed 2.52 points, both above its 200-day moving average.
The rally is the latest indication that the Fed is tightening its monetary policy.
The central bank has been trying to prevent stocks from rising more than they already have, with the aim of helping consumers buy their way out of deflation and keeping inflation from rising above 2 percent.
The Fed has also been tightening monetary policies to help spur economic growth.