Wall Street bounced back Friday but still turned in a losing week. Questions about Federal Reserve interest rate cuts and rising geopolitical tensions dominated trade and will continue to be key themes to watch. Good jobs news — strong hiring last month with elevated but moderating wage inflation — was treated as such Friday. But weakness earlier in the week, including Thursday's major reversal on spiking oil prices , proved too much to overcome in one session.
Traders work on the trading floor at the New York Stock Exchange in New York City, U.S., April 5, 2024.Wall Street bounced back Friday but still turned in a losing week. Questions about Federal Reserve interest rate cuts and rising geopolitical tensions dominated trade and will continue to be key themes to watch.
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