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Stocks Have Strong Finish to a Rocky Week

Dow climbs more than 300 points
By Newser Editors and Wire Services
Posted Aug 16, 2019 3:02 PM CDT
Traders John Romolo, left, and George Ettinger work on the floor of the New York Stock Exchange Friday, Aug. 16, 2019.   (AP Photo/Richard Drew)

(Newser) – Stocks rose broadly Friday as investors ended a turbulent week on a positive note. The S&P 500 rose 41 points, or 1.4%, to 2,888; the Dow rose 306 points, or 1.2%, to 25,886; and the Nasdaq climbed 129 points, or 1.6%, to 7,895. The gains helped erase some of the week's losses, notably the 800-drop in the Dow on Wednesday. Technology stocks drove much of the market's gains Friday in a sign that investors regained some appetite for riskier holdings.

The market's swings have been largely driven by two factors: developments in the US-China trade dispute and investors jumping into bonds as they seek a safe place to park money amid growing concerns about the global economy, per the AP. Long-term bond yields climbed Friday, a bounce that follows a weeklong slide—including a sharp drop on Wednesday that rang yet another alarm bell for the economy. That day, the 10-year yield dropped below the yield on the two-year Treasury, a rare occurrence and one that has historically suggested a recession may be a year or two away.

(Read more stock market stories.)

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