Technology shares led Wall Street's advance on Friday as a waning bond rall...
NEW YORK - Technology shares led Wall Street’s advance on Friday as a waning bond rally and news of potential German economic stimulus brought buyers back to the market at the close of a turbulent week.
While all three major U.S. stock averages were sharply higher, they are still on track to post their third straight weekly declines, having been battered since Monday by accelerating U.S.-China trade animosity, simmering geopolitical tensions and signals from the bond market that sparked fears of imminent recession.
“Germany’s willingness to shift away from long-held practices magnifies the fact that the level of economic uncertainty throughout Europe is quite high,” said David Carter, chief investment officer at Lenox Wealth Advisors in New York.
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