The Dow Jones Industrial Average rose 306.62 points, or 1.2%, to 25, 886.01, the S&P 500 gained 41.09 points, or 1.44%, to 2, 888.69 and the Nasdaq Composite added 129.38 points, or 1.67%, to 7, 895.99. All 11 major sectors of the S&P 500 closed firmly in the black, with industrials, technology and financials enjoying the largest percentage gains.
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.
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