U.S. stock indexes on Friday finished sharply higher, wrapping up a volatile week for Wall Street, marked by concerns about weakening corporate earnings and uncertainty over the health of the U.S. and global economy. The Dow Jones Industrial Average [: DJIA] closed up 307 points, or 1.2%, to 25,886, the S&P 500 index
ended 1.4% higher to 2,889, while the Nasdaq Composite Index
closed 1.7% higher at 7,896 (on a preliminary basis). For the week, however, the Dow finished 1.5% lower, the S&P 500 ended down 1%, while the Nasdaq retreated 0.8%. The Dow marked its eighth move of at least 1% so far this month, the most 1% moves since December 2018 when it had 12, according to Dow Jones Market Data. Investors will be looking for guidance from central-bank policy makers next week when Federal Reserve officials are slated to meet at the Jackson Hole symposium on Thursday, a day after minutes from the Fed’s July 31 policy gathering is released. This past week was marked by heightened anxieties about a domestic recession after the 10-year Treasury rate
fell below that of the 2-year Treasury note
briefly on Wednesday, a condition that has been an accurate predictor of economic recessions in the months after the so-called yield-curve inversion takes place.
Go to Source