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.

Online:

This article is written and prepared by our foreign editors writing for VOP from different countries around the world – edited and published by VOP staff in our newsroom.

Our Standards, Terms of Use: Standard Terms And Conditions.

Contact us: voiceofpeopletoday@gmail.com

VOP Today News — Breaking news source, real-time coverage of the world’s events, life, politics, business, finance, economy, markets, war and conflict zones.

Stay connected with VOP Today News on Twitter – VOP Today News on Facebook, also with our online services http://j.mp/2hDUK4x and never lost the breaking news stories happening around the world.

Support The VOP from as little as $1 – it only takes a minute. Thank you.

We are the Voice of People — the only funding and support we get from people – we are categorically not funded by any political party, any government somewhere or from any grouping that supports certain interests – the only support that makes VOP possible came from you.