(AP Photo/Richard Drew)

Big "Up" Day On Wall Steet

Dow Jumps Over 700

January 04, 2019 - 4:23 pm
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NEW YORK (AP) — Wall Street roared back, wiping out all of the market's losses from the previous day, as a barrage of positive news eased concerns about the global economy and interest rates.

Major indexes closed up more than 3 percent Friday.

Traders were encouraged by news that employers ramped up hiring in December, which could allay fears about an economic slowdown.

Those worries, along with a weak revenue forecast from Apple, contributed to steep losses Thursday.

China said trade talks would resume next week, and Fed Chairman Jerome Powell said the central bank will be flexible with rates.

The S&P 500 rose 84 points, or 3.4 percent, to 2,531.

The Dow Jones Industrial Average jumped 746 points, or 3.3 percent, to 23,433. The Nasdaq rose 275 points, or 4.3 percent, to 6,738.

 

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