Wall Street ended the day sharply higher on news of a potential German economic stimulus, capping a tumultuous week
NEW YORK - U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week.
While all three major U.S. stock averages ended the session higher, they still logged their third consecutive weekly losses, having been rattled since Monday by growing U.S.-China trade animosity, simmering geopolitical tensions and signals from the bond market that sparked fears of impending recession.
“The market is looking for some positive news to take into the weekend,” said Mark Kepner, equity trader at Themis Trading in Chatham, New Jersey. “ great headline but further analysis may eventually create uncertainty and weaken markets,” Carter said. “The level of uncertainty around the world is rising significantly, with no clear end in sight.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street extends gains on German stimulus hopeU.S. stocks rose on Friday and were on track to end a bruising week on a positiv...
Read more »
Wall Street jumps on German stimulus hopesTechnology shares led Wall Street's advance on Friday as a waning bond rall...
Read more »
Wall Street braces for another wild rideStocks slumped overnight after China vowed to retaliate for President Trump's latest round of tariffs, then rallied in premarket trading on Thursday morning after China said it was willing to 'meet halfway.'
Read more »
Stocks Stem Slide After Wall Street RoutStocks begin to stabilize, a day after the Dow posted its biggest fall of 2019: “The market is looking at warning signals, but it’s not yet fully convinced that we’re in danger of a global recession or a major downturn,' says a strategist
Read more »
GE rebounds after CEO share purchases, Wall Street analysts come to company's defenseGE bounced back Friday after the CEO shored up confidence in buying a bulk of company shares, and analysts defended the industrial giant.
Read more »
Wall Street higher on strong retail sales dataU.S. stocks tried to bounce back on Thursday from a steep selloff a day earlier,...
Read more »