Dow's climb toward 48,000 closing level is thwarted as Fed's Powell pushes back on December rate cut

Core Points - The Dow Jones Industrial Average's attempt to close above 48,000 was halted due to Federal Reserve Chair Jerome Powell not indicating a potential interest-rate cut in December [1] Group 1 - The Dow Jones Industrial Average experienced a climb towards a closing level above 48,000 [1] - Federal Reserve Chair Jerome Powell's comments did not suggest an upcoming interest-rate cut [1]