Wall Street Rallies On Jobs Report And Powell's Comments
- 5 years ago
According to Reuters, U.S. stocks surged over 2.5 percent on Friday, boosted by a robust U.S. jobs report, plans for fresh Sino-U.S. trade talks and as Federal Reserve Chairman Jerome Powell pledged patience and sensitivity to risks in the markets.
The rally puts Wall Street on course to erase all losses from a day earlier, when stocks plunged after slowing U.S. factory activity on the heels of Apple Inc’s (AAPL.O) dire revenue warning fueled fears of a global economic slowdown.