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Late rally on Wall Street

WorldNews Saturday, 11 July 2020
Late rally on Wall StreetNEW YORK — Optimism returned to Wall Street on Friday, and stocks rallied to cap a shaky week dogged by worries that rising coronavirus counts may halt the economy’s recent upswing. The S&P 500 climbed 1%, and the biggest gains came from cruise ship operators, airlines, banks and other companies that most need the economy to continue to reopen and strengthen. The Dow Jones Industrial Average rose 369.21 points, or 1.4%, to 26,075.30. The Nasdaq composite added 69.69, or 0.7%, to 10,617.44, a new high. The S&P 500 rose 32.99 to 3,185.04. After starting Friday with modest drops, stocks and Treasury yields erased their declines to drive higher. In a signal of rising expectations for the...
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Credit: Wochit News    Duration: 00:47Published

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Credit: Reuters Studio    Duration: 01:27Published

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Tweets about this

satohahide

satohahide RT @latimes: Banks and energy firms lead stocks higher on Wall Street https://t.co/GbANLAVMbA 1 week ago

ZAQSBusiness

Business News Banks and energy firms lead stocks higher on Wall Street https://t.co/FabKzYqWTv 1 week ago

latimes

Los Angeles Times Banks and energy firms lead stocks higher on Wall Street https://t.co/GbANLAVMbA 1 week ago

IanYeo

Ian W. Yeo Banks, energy firms lead Wall Street stocks higher Market extends recent run on hope for continued economic aid and… https://t.co/ef8eZR4bhH 1 week ago