US shares reach for record highs as investors take comfort in stimulus

The S&P 500 and Nasdaq 100 rose during the Federal Reserve chairman, Jerome Powell’s, much-anticipated address

Federal Reserve chairman Jerome Powell: Stock investors take assurance from speech   

US equities gained to record highs as investors took assurance from comments by Jerome Powell that the withdrawal of stimulus would be gradual.

The S&P 500 and Nasdaq 100 rose during the Federal Reserve chairman’s much-anticipated address from Jackson Hole, where he reinforced the message that it would be appropriate to begin tapering bond purchases by the end of the year.