It was a frantic Friday for traders as another push higher in bond-market borrowing costs and the dollar sank stocks and oil prices jumped after OPEC and its allies opted against increasing supply for the time being. Nervy European shares started 0.7% lower, Asia had dropped, Wall Street’s S&P 500 had briefly gone negative for .
<div class="at-above-post addthis tool" data-url="https://www.metro.us/wall-street-surges-on/"></div>NEW YORK (Reuters) – Wall Street and a gauge of global equity markets rose on Friday as investors cheered signs of economic strength in a report that showed faster-than-expected U.S. jobs growth, data that initially stoked inflation concerns. The session was marked by frantic trading across the globe. Asian markets dropped overnight. MSCI’s all-country index […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/wall-street-surges-on/">
LONDON (March 5): It was a frantic Friday for traders as another push higher in bond-market borrowing costs and the dollar sank stocks, while oil prices jumped after OPEC and its allies opted against increasing supply for the time being. Nervy European shares were trying to fight back, but Asia dropped overnight, Wall Street's S&P 500 briefly turned negative for the year on Thursday and MSCI's all-country index was on its longest losing streak in six months.
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NEW YORK (Reuters) - Wall Street and a gauge of global equity markets rose on Friday as investors cheered signs of economic strength in a report that showed faster-than-expected U.S. jobs growth, data that initially stoked inflation concerns.
FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., March 1, 2021. REUTERS/Brendan McDermid
The session was marked by frantic trading across the globe. Asian markets dropped overnight. MSCI’s all-country index was on its longest losing streak in six months before clawing back.
All Wall Street’s main indexes closed higher, bouncing back from early losses. Investors were spooked this week by rising interest rates, which offset optimism about an economic rebound.
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North American stocks ended sharply higher after a volatile session on Friday, with the Nasdaq rebounding at the end of a week that saw it extend losses to about 10% from its previous record high.
All of the main indexes bounced back from losses earlier in the day, with investors in recent sessions spooked by rising interest rates that offset optimism about an economic rebound.