US stocks close higher on hopes of rate cuts

Wall Street
File Reuters

UNITED STATES (VOP TODAY NEWS) — US stocks rose sharply on Friday as a sharp slowdown in job growth in the United States boosted hopes that the Federal Reserve would cut interest rates as risk appetite fueled optimism about possible progress toward resolving US trade battles. With China and Mexico.

Based on the latest available data,

The Dow Jones industrial average rose 262.87 points, or 1.02 percent, to 25,983.53.

The Standard & Poor’s 500 index gained 29.76 points, or 1.05 percent, to 2,873.25.

The Nasdaq Composite Index was up 126.55 points, or 1.66 percent, at 7,742.10.


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