The S&P 500 was up 1.2% a day after dropping 5.9%. The benchmark index is still headed for a weekly loss following three weeks of solid gains. Small-company stocks and bond yields moved broadly higher, signs that pessimism about the economy was easing.
"Yesterday was the market taking a needed breath and saying 'OK, this is probably going to take more time than we were expecting," said Willie Delwiche, investment strategist at Baird. "Today, it's `maybe we overreacted yesterday."' The comeback rally lost some strength by midday Friday. The Dow Jones Industrial Average was up 401 points, or 1.6%, to 25,531. It had been up more than 800 points in the early going. The Nasdaq, which climbed above 10,000 points for the first time on Wednesday, was up 1.2%. The Russell 2000 index of small companies also gave up much of the ground it gained in morning trading. It was up 1% after an early gain of 4.2%. European markets were mostly higher, but Asian markets ended broadly lower.
Pls show love,🙏 help a distressed soul I am unemployed and i don't have a job DONATE 2 DOLLARS TO HELP ME start a little bussiness MAY GOD BLESS YOU AS YOU DONATE AND HELP ME Name:Uba kelechi curtis Bank:UBA Nigeria Account:2082572624 u can donate by Western Union/bank transfer
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »