Dow Surges 500 Points, Leading Wall Street Higher
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The Dow Jones index rose 529.85 points (1.02%) to 52,495.88 points, the S&P 500 index rose 21.84 points (0.28%) to 7,712.57 points, while the Nasdaq Composite fell 6.07 points (0.02%) to 26,424.82 points. Instability in France and Italy dominated global stock markets. Stocks lacked sufficient basis to confirm a bottom after four consecutive weeks of declines. Technology stocks dragged Wall Street down due to concerns about rising interest rates.
The Dow Jones and S&P 500 moved in a positive direction, as falling oil prices and easing pressures on US bond yields improved investment sentiment.
The Nasdaq 100 goes from falling 0.9% to rising more than 0.5%, while the Dow Jones leads the rebound with advances greater than 1% after relaxing the price of oil.
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