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Dow charges more than 90 points higher as Trump taps Powell as Fed boss nominee

Dow charges more than 90 points higher as Trump taps Powell as Fed boss nominee | 02 Nov 2017 | The Dow Jones Industrial Average climbed to session highs on Thursday, with less than a half-hour left of regular trade, after President Donald Trump picked Fed. Gov. Jerome Powell as the next Federal Reserve chairman. If confirmed by the Senate, Powell would replace Janet Yellen, whose term ends in February. The Dow Jones Industrial Average DJIA, +0.35% was trading in record territory, up more than 90 points, or 0.4%, at 23,525.