Wall Street closes on big gains supported by stimulus hopes in Germany

UNITED STATES, WASHINGTON (VOP TODAY NEWS) — US stocks recovered on Friday after a subdued bond rally and news of a possible economic stimulus in Germany prompted investors to buy back stocks, but Wall Street’s main indexes posted their third straight week of losses.

The Dow Jones industrial average was up 306.62 points, or 1.2 percent, at 25,886.01. The Standard & Poor’s 500 Index <.SPX> was up 41.08 points, or 1.44 percent, to end the session at 2,888.68.

The Nasdaq Composite Index was up 129.38 points, or 1.67 percent, at 7,895.99.

The three indices ended the week with losses, with Dow Jones down 1.53 percent, S&P 1.03 percent and Nasdaq down 0.79 percent.


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