After Powell's remarks, the US market was almost completely high in the pre-market

Major US stock markets rose almost across the board on Wednesday in response to US Federal Reserve (Fed) Chairman Powell's remarks.

Chairman Powell expressed concern at a congressional hearing yesterday that maintaining interest rates that are too high for a long time would jeopardize economic growth. However, the economy and labor market remain strong.

As of 4:29 a.m. EST, the Dow average is in conflict, the Nasdaq 100 is 0.24% higher, and the S&P 500 is 0.11% higher. On the currency side, at 4:30 a.m. (US Eastern Time), the euro leveled off against the dollar and was sold for 1.08140 dollars.