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Wall Street’s main stock indexes closed at record highs on Wednesday after the Federal Reserve eased investor jitters bykeeping borrowing costs unchangedand reinforcing expectations that rates could be cut as many as three times this year.

The Dow Jones Industrial Average jumped 401.37 points, or 1%, to a record close of 39,512.13. The S&P 500 gained 0.9% and topped 5,200 for the first time, while the Nasdaq surged more than 200 points, or 1.2%

The Fed’s policy statement described inflation as remaining “elevated,” and it updated quarterly economic projections to forecast growth of 2.1% for the year versus 1.4% projected in December and an unemployment rate ending the year at 4%, lower than the 4.1% anticipated in December.

Stocks added to gains after Fed Chair Jerome Powell said in a press conference that despite recent inflation data coming in hotter than expected, the numbers “haven’t really changed the overall story, which is that of inflation moving down gradually, on a somewhat bumpy road.”

Strategists said Wall Street was reassured by Powell’s comments.

“He said he wasn’t trying to dismiss any data but he kind of gave the market a reason they could use to dismiss the data,” said Alex Coffey, senior trading strategist at TD Ameritrade.

“We came in to this day feeling Jerome Powell might push back on market expectations or pivot away from dovish expectations since December because of the data we’ve had in the last two months,” said Coffey. “While he didn’t necessarily go full dove, it was dovish versus recent market worries.”

Most of the S&P’s 11 major sectors gained ground.

The healthcare sector was under pressure during the session partly due to COVID-19 vaccine makers. US-listed shares of BioNTech dropped after it reported a 2023 revenue and earnings plunge as it shifted focus to cancer drug development.

Shares of COVID-19 vaccine makers Moderna and Novavax  both eased.

Boosting the consumer discretionary sector, Tesla gained after confirming to Reuters that it will raise the price of its China-produced Model Y vehicles by 5,000 yuan ($694.55) from April 1.

Equinix shares eased after Hindenburg Research said it has taken a short position in the data center operator.

Chipotle Mexican Grill shares climbed after the company said its board had approved a 50-for-1 split of its common stock.

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How the Rangers rallied their way to the Eastern Conference finals — and which key trends will continue

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How the Rangers rallied their way to the Eastern Conference finals -- and which key trends will continue

The New York Rangers were as dramatic as a Broadway play until the end of Round 2.

The Blueshirts trailed early in Game 6 of their series against the Carolina Hurricanes, and appeared in danger of not only allowing the Hurricanes to stay alive, but win the entire thing by sending things back to New York for Game 7.

The third period was all Rangers, though. A hat trick from Chris Kreider in that frame helped New York overcome multiple deficits and punch their ticket to the Eastern Conference finals with a 5-3 win.

Here’s a look at the keys to their run so far, and a look ahead at how they match up against their two potential opponents.

Rallying Rangers

There’s no arguing that New York had its worst outing of the postseason in Game 5 against Carolina. The Rangers were comparatively lifeless from the start — and still nearly completed a comeback to send the Hurricanes home.

New York responded well after losses in the regular season, and if Game 5 was a blip in that respect (as was losing at all for New York in the postseason, let alone twice in a row), Game 6 is where the Rangers showed why they were Presidents’ Trophy winners. Even after falling behind 3-1, they staged an epic third period rally to seal the deal on opposing ice.

Instead of letting Carolina continue to fester and create doubt about how good a lineup New York actually has, the Rangers tapped back into their strengths (i.e., scoring more than one goal like they did in Game 5) and channeling their top-tier pedigree in enemy territory. Perhaps it wasn’t the cleanest of series, like the Rangers’ first-round sweep, but in the end New York finished the job.


Best of the bunch

It’s cliché for a reason: If your top skaters aren’t performing in the playoffs, it’s tough to find success (just ask the Toronto Maple Leafs).

Consider New York’s run last season, when Artemi Panarin produced just two assists in seven games. This time around? Panarin had four goals and nine points — through seven games. Vincent Trocheck has been a revelation in the postseason, with five goals and 12 points, Mika Zibanejad has tossed in 13 points and Alexis Lafreniere is playing some of his best hockey to date, with four goals and 10 points.

While depth is always an asset in the postseason, it almost always has to be in tandem with a team’s high-end talent steering the ship. That’s what’s happening for the Rangers. When all their stars are aligned, it’s hard to imagine slowing this group down.


Stealing with Shesterkin

The Rangers can give an opponent’s goaltender fits when their high-flying forwards get in a flow. New York is fortunate its netminder is in top-top shape, though, because for all the Rangers’ offensive prowess, they allow a shocking number of scoring chances against.

Igor Shesterkin has been up to the task of keeping New York from hurting itself (too much) defensively. Not only are the Rangers giving up the most shots on goal in the postseason (32.9 per game), Shesterkin also faced the most high-danger shots (63) and completed the second-most high-danger saves (52).

Carolina in particular peppered Shesterkin with an onslaught of quality opportunities. The cool, calm, collected version of Shesterkin (circa, say, winning the Vezina Trophy in 2022) has been on full display throughout the playoffs (with a .924 save percentage and 2.33 goals-against average to prove it). There’s no question he’s an integral piece in the Rangers’ dominance and will continue to be so in the series ahead.

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‘IGOR’ chant rings out after another clutch Shesterkin save

Rangers fans go wild after Igor Shesterkin shuts down Jake Guentzel’s breakaway goal attempt.


Super special teams

It’s a classic case of pick your poison, because the Rangers can beat a team in multiple ways.

Their 5-on-5 numbers are, thanks to that noted core of offensive threats, strong this postseason. And then there’s the power play, which is third best in the playoff field (33.3%) and packs a powerful punch (with 10 goals through nine games).

New York’s penalty kill is even more effective, sitting second best overall at 91.2%, and it was a backbreaker for the Hurricanes to try to get through (Carolina started the series going 0-for-15 on the man advantage). And short-handed goals? New York leads the playoff field with four.

Thanks to that strong play in all situations, the Rangers present a formidable challenge to whomever lines up against them next.


How the Rangers match up with the Florida Panthers

At its best (and most entertaining), a New York-Florida series would just be nonstop goal-scoring. And if any two teams have the offensive firepower to make that vision a reality, it’s the Rangers and Panthers.

Florida and New York are averaging some of the best scoring totals in the playoff field (with 3.70 and 3.33 goals per game, respectively). They can be superb on special teams with two excellent power plays (30.3% and 23.7%) duking it out versus difference-making penalty kills (91.9% and 85.3%), and notably, the Panthers are second in shots on net (33.5) to spice things up even further with their competition.

The Rangers’ stars have come out in the postseason, and so have the Panthers’. Matthew Tkachuk (four goals and 13 points in the postseason), Aleksander Barkov (five goals and 13 points), and Carter Verhaeghe (six goals and 10 points) would be going stride-for-stride with the Rangers’ elite. And while teams don’t necessarily want to be into a track meet at any point in their season — particularly when stakes are highest — it might be inevitable when gifted scorers are rolling out on nearly every line.

New York’s defensive performance aligns with Florida’s, too. The Rangers have allowed 2.56 goals against per game in the postseason, compared to 2.60 by the Panthers — but Florida holds a considerable edge in limiting shots (giving up 24.2 per game versus 32.1). So, New York would have to tighten up there lest the Panthers take advantage to run wild. But even then, the back-and-forth that could come out of this series highlights what New York does well, and Florida has potential to offer up more chances than the Bruins might.

The Rangers’ other big boost is in the crease. Sergei Bobrovsky‘s numbers (.892 SV%, 2.62 GAA) have been solid, and he’s giving Florida timely saves. Shesterkin, though, has been exceptional for much of the postseason (.924 SV%, 2.33 GAA) despite New York’s leakier back end, and he has factored squarely into making New York appear at its most dominant. Naturally, we assume that will offer the Rangers a serious bump on the goaltending side (something they may not have in a series vs. Boston, where Jeremy Swayman has been locked in throughout the playoffs).

New York’s bread and butter has been its attack up front plus excellent netminding, and a series against Florida gives them the opportunity to lean on both — and punch their ticket back to a Cup Final.


How the Rangers match up with the Boston Bruins

This is the Original Six matchup both cities have longed to see on the big stage.

The last postseason meeting between these clubs was in 2012-13, a series Boston won in five games. The Rangers know what it takes to top the Bruins this time around, having swept the season series 3-0.

Boston doesn’t have the same showcase of scoring talent as New York does. The Bruins’ depth was an issue in their series against the Panthers, and the Rangers may, arguably, have more offensive threats in their lineup for Boston to heed. That would likely be the biggest question mark heading into this particular conference finals matchup: Can the Bruins go toe-to-toe with the Rangers up front?

Boston is relying on younger skaters than New York as well. While the Rangers are thick with experience, the Bruins require vital contributions from the likes of John Beecher (22 years old) and Mason Lohrei (23) to give them quality minutes in the postseason. The Bruins also average nearly one goal less per game than the Rangers (2.50 vs. 3.33).

It’s Boston’s goaltending that has been its backbone in the postseason. And Swayman might be the only netminder who can challenge Shesterkin when he’s in top form. The Bruins’ defense has allowed the third-most shots against (32.5 per game) while averaging the fourth fewest goals against (2.42 per game). The Rangers are in the same boat, giving up the fourth most shots (32.1) and fifth fewest goals (2.56). Frankly, this series’ winner would be the one not getting “goalied.”

The Rangers have a special teams advantage against the Bruins with the better penalty kill (91.9% vs. 81.8%) and power play (30.3% vs. 22.6%). But Boston’s kill stepped up big against Florida, and there may be momentum to carry on into another series, too.

Boston has shown resilience in the postseason by not blowing a 3-1 lead in the first round, and if the Bruins make it past Florida it will be by overcoming a 3-1 deficit. The Rangers would have to be prepared for Boston’s confidence to be sky-high going into a conference finals matchup that not too long ago likely looked — and felt — like a pipe dream.

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Kreider’s hat trick in 3rd lifts Rangers to East final

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Kreider's hat trick in 3rd lifts Rangers to East final

RALEIGH, N.C. — Chris Kreider had a third-period hat trick to help the New York Rangers erase a two-goal deficit and beat the Carolina Hurricanes 5-3 in Game 6 on Thursday night to advance to the Eastern Conference final.

Kreider single-handedly erased the Hurricanes’ 3-1 lead entering the final period. The go-ahead score came when he got position on Jalen Chatfield at the top of the crease and tipped in Ryan Lindgren‘s pass to make it 4-3 at the 15:41 mark.

That finally allowed the Presidents’ Trophy-winning Rangers to put away the Hurricanes, who had won two straight after falling into a 3-0 hole in the best-of-seven series. The Hurricanes appeared on the verge of forcing a Game 7 for a pressure-packed finale but couldn’t contain Kreider and the Rangers’ surge in the final 14 minutes.

Barclay Goodrow finished this one off by getting to a loose puck near the boards and scoring a long empty-net goal in the final minute, sending Goodrow to the nearby Rangers bench to be mobbed by teammates.

That sent the Rangers on to the Eastern Conference final to face the Boston-Florida winner, with the Panthers leading that series 3-2.

Kreider’s first goal came when he cleaned up a stop by Frederik Andersen on Mika Zibanejad at the 6:43 mark to make it 3-2. He followed by tipping in a shot by Artemi Panarin to tie it at the 11:54 mark.

Igor Shesterkin hung in after a pressured first two periods, finishing with 33 saves and coming up with a big stop on Jordan Staal near the crease and another tying chance from Andrei Svechnikov off a faceoff win in the third period.

Vincent Trocheck also scored off a deflection in the second period for New York.

Martin Necas, Seth Jarvis and Sebastian Aho scored for Carolina, while Andersen finished with 19 saves.

The Hurricanes also missed on multiple late chances to increase their lead, with Jordan Martinook — who had a highlight-reel sliding effort to knock away a loose puck from the goal line midway through the second period — and Jake Guentzel each pinging the metal past Shesterkin to come up empty.

There was also a big opportunity in the third when two Rangers collided and fell to the ice in their own end, leaving top Carolina center Aho with a 1-on-1 chance on Shesterkin. But as Aho skated in from the left circle, he went wide right of the net as he tried to move to his backhand.

Those missed chances added up to a brutal exit for the Hurricanes, a team that was in the playoffs for the sixth time in as many seasons under Rod Brind’Amour and has been open about the goal of breaking through to win the Stanley Cup.

Carolina finished three points behind the Rangers for the Presidents’ Trophy awarded to the top team in the regular-season standings, and entered the NHL playoffs as the favorite to win the Stanley Cup. But the Rangers won the first three games by one-goal margins — two coming in overtime — to threaten an unexpectedly quick resolution.

Carolina successfully beat back its power-play struggles for the Game 4 winner to stay alive, then rallied from a 1-0 deficit with four straight third-period goals to win Game 5 in Madison Square Garden and bring the series back to Raleigh.

But days later, the Rangers returned the favor with four straight of their own in the third, leaving a boisterous Hurricanes crowd in stunned disbelief.

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$39,199 Bobcat zero turn electric lawnmower is ready for summer

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,199 Bobcat zero turn electric lawnmower is ready for summer

Bobcat revealed a new, commercialized version of its battery-powered ZT6000e zero-turn electric lawnmower that promises up to eight hours of continuous runtime.

The company says its new machine can deliver up to eight hours of continuous runtime on a single charge, the ZT6000e produces zero “tailpipe” emissions while in use, and is significantly quieter than the ICE-powered competition. Perfect, in other words, for use in municipalities with strict noise regulations.

“The ZT6000e is designed for both lawn care professionals and other businesses that want to create their own professional-grade results in a more sustainable way,” said Daniel Stibral, s grounds maintenance product specialist at Bobcat. “It’s highly maneuverable, efficient, and takes on challenging mowing tasks with precision, ease and the perfect cut.”

The Bobcat ZT6000e packs a 58V, 20.4 kWh battery that can be fully recharged in about 6 hours with a 240-volt “Level 2” connection, or in about 12 hours with a “standard” 120-volt connection. Considering a full charge is enough to mow more than 23 acres, however, there should be very little “range anxiety” involved.

What’s more, Bobcat claims that, apart from routine recharge cycles, the lithium-ion battery requires no maintenance for the life of the machine.

The ZT6000e is built with a heavy-duty, dual-tubed steel frame and is powered by three electric motors to provide precise control over high and low blade speeds and make quick work of any lawn. Pricing starts at $39,199.

Electrek’s Take

Yes, the ZT6000e electric lawmower is more expensive than the 850cc gas-powered version. About 3x more expensive, in fact – but that doesn’t matter.

The fact is that more and more municipalities across the country are effectively banning internal combustion lawn equipment from lawnmowers to edgers to leaf blowers – and the ones that aren’t outright banning small engines are banning them indirectly with increasingly stringent noise regulations. Translation: if you plan on making a living in landscaping, you’re going to need to pony up for an electric mower rather sooner than later.

When you do, Bobcat’s seems like a solid choice.

SOURCES | IMAGES: For Construction Pros; Bobcat.

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