Statement of the Central Bank's Governor for Wall Street.

its biggest daily decline since a three-week sell-off after the Federal Reserve Bank of the United States (Jerome Powell) issued a statement on US economic growth.

Powell's remarks raised concerns from market participants that it is likely that the central bank's benchmark interest rate will rise higher than initially forecast.

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Wall Street posted its biggest daily percentage loss since Feb. 8.

Fed Governor Jerome Powell gave a fairly optimistic view of US economic growth and said that the existing data reinforce his view that inflation numbers will grow.

From Powell's view, market players are betting that it is likely the US central bank will raise interest rates four times this year.

In yesterday's trade, US stocks rose sharply. The trigger as investors' concerns about the benchmark rate hike began to ease, awaiting Statement of the Fed's Governor Jerome Powell to the upsurge of technology shares and shares owned by Warren Buffet.

Three major Wall Street indexes jumped to a more than three-week high. The Dow Jones Industrial Average rallied 385.21 points, or 1.52 percent, to 25,695.2.

The S & P 500 rose 30.36 points, or 1.11 percent, to 2,777.77, and the Nasdaq Composite index rose sharply 77.86 points, or 1.06 percent, from 7,415.25.

The rise of all major Wall Street stock indexes was supported by the strengthening of technology stocks. Shares of SPLRCT rose 1.5 percent, leading the gains.

Qualcomm's shares jumped 5.7 percent after the chip maker urged the Broadcom company to negotiate a price on an acquisition bid worth $ 117 billion.

In addition to technology shares, Warren Buffett's stock company, Berkshire Hathaway also pushed up the wall street. Companies that have liquidity worth US $ 116 billion is likely to buy more shares again rather than pay dividends.

Wall Street gains on sentiment eased sentiment worries investors over US interest rate increases, although the Federal Reserve sees economic growth steady and does not see any risks that might halt the planned rate hike..