Stocks end higher as investors shake off hawkish Fed comments

Stocks ended higher Tuesday, finding their footing a day after the Dow Jones Industrial Average snapped a five-day winning streak following hawkish comments by Federal Reserve Chairman Jerome Powell. The Dow Jones Industrial Average DJIA, +0.74% finished around 255 points higher, up 0.7%, near 34,807, according to preliminary figures, while the S&P 500 SPX, +1.13% rose around 50 points, or 1.1%, to close near 4,512. The Nasdaq Composite COMP, +1.95% ended near 14,109, jumping 2%. Powell on Monday said the Fed could hike rates in half-point increments at future meetings if deemed necessary to rein in inflation.