Published 2 years ago

Dow Closes Up More Than 600 Points on Retail Spending Data

Summary by Ground News

The gains weren't enough to pull major indexes out of the red for the week, however, following worrisome reports on high prices facing consumers and businesses. A July survey from the University of Michigan showed that inflation expectations have held steady or improved, along with general consumer sentiment. The report also bodes well for investors looking for signs that the Federal Reserve might eventually ease off its aggressive policy to fight inflation.

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Associated Press News

Stocks end higher on Wall Street, still down for the week

2 years ago·United States

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CNN

Dow surges more than 600 points

US stocks surged Friday as an end-of-week rally gained momentum and sent the Dow up over 600 points.

2 years ago·Atlanta, United States

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The Washington Post

Stocks end higher on Wall Street, still down for the week

Stocks closed higher Wall Street Friday following some encouraging economic data on consumer sentiment and inflation expectations. The gains weren’t enough to pull major indexes out of the red for the week, however, following worrisome reports on high prices facing consumers and businesses.

2 years ago

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KRDO

Dow surges more than 600 points

By Nicole Goodkind, CNN BusinessUS stocks surged Friday as an end-of-week rally gained momentum and sent the Dow up over 600 points.A new batch of bank earnings and economic data Friday morning increased investors’ optimism about the state of the economy and relieved them of worries that the Federal Reserve could raise rates by a full percentage point at its meeting later this month.The Dow gained 622 points, or 22% in early afternoon trading. T…

2 years ago·Colorado Springs, United States

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KVIA

Dow surges more than 600 points

2 years ago·Panama City, United States

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The Epoch Times

Stocks End Higher on Wall Street, Still Down for the Week

Wall Street capped a week of losses with a broad rally for stocks Friday, as investors welcomed solid earnings from big companies and an encouraging report on consumer sentiment and inflation expectations. A July survey from the University of Michigan showed that inflation expectations have held steady or improved, along with general consumer sentiment. The report was welcome following several government reports this week that showed consumer pr…

2 years ago·New York, United States

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