Financial Times on Nostr: Wall Street powers markets rebound ========== US equities posted their strongest ...
Wall Street powers markets rebound
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US equities posted their strongest daily gain since November 2022 as a drop in US unemployment claims helped soothe fears about an imminent economic slowdown; The broad Topix index closed 1% higher on Friday, while the narrower exporter-heavy Nikkei 225 rose 0.6%; The yen nudged up to ¥147 against the dollar; On Thursday, the benchmark S&P 500 rose 2.3%, closing out its best day in almost 21 months, while the technology-heavy Nasdaq Composite added 2.9% — its biggest daily gain since February; The rally has helped retrace some of the losses suffered through this week’s steep sell-off
https://www.ft.com/content/cf098c19-ba4b-40d8-9334-8ee29a07a381
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US equities posted their strongest daily gain since November 2022 as a drop in US unemployment claims helped soothe fears about an imminent economic slowdown; The broad Topix index closed 1% higher on Friday, while the narrower exporter-heavy Nikkei 225 rose 0.6%; The yen nudged up to ¥147 against the dollar; On Thursday, the benchmark S&P 500 rose 2.3%, closing out its best day in almost 21 months, while the technology-heavy Nasdaq Composite added 2.9% — its biggest daily gain since February; The rally has helped retrace some of the losses suffered through this week’s steep sell-off
https://www.ft.com/content/cf098c19-ba4b-40d8-9334-8ee29a07a381