Wall Street ended the day sharply higher on news of a potential German economic stimulus, capping a tumultuous week
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.
“The market is looking for some positive news to take into the weekend,” said Mark Kepner, equity trader at Themis Trading in Chatham, New Jersey. “ great headline but further analysis may eventually create uncertainty and weaken markets,” Carter said. “The level of uncertainty around the world is rising significantly, with no clear end in sight.”
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