"April 3 Stock Market: Dow and S&P Live Updates"

The stock market remained higher as Federal Reserve Chairman Jerome Powell reiterated a cautious approach to interest-rate cuts, stating that recent inflation figures did not significantly alter the overall economic outlook. Powell also indicated that it may be appropriate to begin lowering rates at some point this year, providing relief to Wall Street. Equities were already up following a report showing a slowdown in services and a drop in prices to a four-year low, while bonds rebounded from session lows.