
Dow surges more than 600 points
CNN
US stocks surged Friday as an end-of-week rally gained momentum and sent the Dow up over 600 points.
A new batch of bank earnings and economic data Friday morning increased investors' optimism about the state of the economy and relieved them of worries that the Federal Reserve could raise rates by a full percentage point at its meeting later this month.
The Dow (INDU) gained 622 points, or 22% in early afternoon trading. The S&P 500 (DVS) was up by 1.8% and the Nasdaq (NDX) rose by 1.6%.
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