Wall Street's early rise offers some relief at end of week that had the S&P 500 drop into bear-market territory.
on fears that economic activity would be curtailed by interest rate hikes to cool inflation.
After turning tail on Thursday, benchmark indexes rose in early morning trading. As of 9:47 EST on Friday, the Dow rose 94 points, or 0.3%, to stand at 30,021. The S&P 500 climbed 22 points, or 59%, and the technology-heavy Nasdaq Composite gained 117 points, or 1%. Wall Street's S&P 500 index lost 3.3% on Thursday and other major benchmarks also sank after Britain's central bank followed the . Central banks in Switzerland and Taiwan also raised rates.
Investors worry the moves to control inflation that is running at four-decade highs might tip the U.S. and other major economies into recession. "Pain is being inflicted almost everywhere and sharing doesn't make it better in any way," said Tan Boon Heng of Mizuho Bank in a report.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Asian markets rise after Fed assurance on rates lifts Wall StreetAsian shares advanced Thursday after the Federal Reserve raised its key interest rate by three-quarters of a point and signaled more rate hikes were coming...
Les mer »
Wall Street gets back to tumbling after 1-day reprieveWall Street fell with stocks across Europe after central banks there followed up on the Federal Reserve’s interest-rate hike on Wednesday.
Les mer »
Wall Street tumbles on fears for economy as more rates riseFear swept through financial markets Thursday, and Wall Street tumbled as worries roared back to the fore that the world’s fragile economy may buckle under higher interest rates.
Les mer »
Stocks on Wall Street tumble 3.3% as recession fears mountMarkets are worried that the Fed and other central banks may stumble along the narrow path of hiking interest rates enough to slow high inflation.
Les mer »
Wall Street plunges as recession fears growU.S. stock indexes closed sharply lower on Thursday in a broad sell-off as recession fears grew following moves by central banks around the globe to stamp out rising inflation after the Federal Reserve's largest rate hike since 1994.
Les mer »
Wall Street tumbles on fears for economy as more rates riseFear swept through financial markets Thursday, and Wall Street tumbled as worries roared back to the fore that the world’s fragile economy may buckle under higher interest rates.
Les mer »