U.S. stocks rallied sharply Thursday, with the Nasdaq Composite leading the surge after upbeat results from Facebook parent Meta Platforms Inc.
Analysts said earnings optimism was trumping economic worries and other concerns after a weaker-than-expected first-quarter gross domestic product reading. The Dow Jones Industrial Average DJIA was up 552 points, or 1.7%, while the S&P 500 SPX jumped 2% and the Nasdaq COMP surged 2.4%.
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Argentina vows to battle black market peso slide towards 500 per dollarArgentina's Economy Minister Sergio Massa pledged on Tuesday to unleash 'all tools' to counter a dangerous slide in the peso currency, which has plumbed near 500 pesos per dollar in popular black markets amid wider economic fears.
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