United States
Hide

Dow rises 300 points after bruising week

Hopes of more official stimulus for the economy and the easing of a bond market rally drove a broad rise in stocks on Friday, as a bruising week for markets drew to a close. Wall Street’s three main indexes are down at least 1.5 percent since last Friday, on track to rack up their third consecutive week of losses, as investors worried about the risk of recession and U.S.-China trade tensions. China’s state planner said overnight that it would roll out a plan to boost disposable income this year and in 2020 to spur consumption as the economy slows. Investors are also expecting further interest rate cuts from the Federal Reserve and moves by the European Central Bank next month to fight softening growth. “We haven’t seen any ma ...
Top
Bottom