News Formal

Stock market news today: Dow jumps over 650 points as stock surge caps volatile week on Wall Street

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 18 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Nasdaq Composite News

Dow

Investors are looking to the Fed-favored inflation data to calibrate the timing and depth of rate cuts.

US stocks closed a volatile week with a flash of optimism as investors mounted a comeback off promising inflation data and hardening expectations of coming interest-rate cuts. The Dow Jones Industrial Average added 1.6%, or more than 650 points. The S&P 500 rose about 1.1%, while the Nasdaq Composite put on 1% although both indexes were in the red for the week. Stocks turned positive after a turbulent series of sessions.

In play are earnings-fueled concerns about softness in the US economy, though Thursday's surprisingly hot GDP print eased those somewhat. Friday's big data point was the closely watched Personal Consumption Expenditures index, which provided more fuel to the notion of a still-strong economy and gradually cooling inflation.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market news today: Dow leads stock comeback from steep sell-offEarnings misses have put the spotlight on the health of the economy after a Big Tech-led sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Dow rises 700 points after key Fed-watched inflation dataInvestors are looking to the Fed-favored inflation data to calibrate the timing and depth of rate cuts.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Dow rises 600 points after key Fed-watched inflation dataInvestors are looking to the Fed-favored inflation data to calibrate the timing and depth of rate cuts.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Dow drops in wake of global outageStocks are facing another rough ride after a global IT outage hit businesses worldwide, with weekly losses in play.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Dow slips in wake of global outageStocks are facing another rough ride after a global IT outage hit businesses worldwide, with weekly losses in play.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Dow futures slip in wake of global outageStocks are facing another rough ride after a global IT outage hit businesses worldwide, with weekly losses in play.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »