U.S. stocks jumped in another manic day on Wall Street, but the falling value of the U.S. dollar and other swings in financial markets suggest worries about President Donald Trump’s trade war remain high.
The S&P 500 rose 1.8% Friday after veering between gains and losses, closing a historic week full of monstrous swings. But the falling value of the U.S. dollar and other swings in financial markets suggest worries about President Donald Trump’s trade war remain high.
The Dow Jones Industrial Average went from an early loss of nearly 340 points to a gain of 810 before closing with a gain of 619 points.
The Nasdaq composite rose 2.1%. Stocks kicked higher as pressure eased a bit from within the U.S. bond market.
By STAN CHOE