FXstreet.com (San Francisco) - U.S. stocks recovered on Friday, one day
after fears of slow growth and bank downgrades sent them sharply down.
PART 1 | PART 2 | PART 3 | PART 4
The rally came after the European Central Bank said it would take further steps to ease loan collateral for banks, enabling Dow industrials to rise 67 points, or 0.5% to 12,641; the S&P 500 to add 10 points, or 0.7% to 1,335, and the Nasdaq to gain 33 points, or 1.2% to 2,892.
For the week, the Dow and S&P 500 both ended in red, while the Nasdaq gained for a third consecutive week; the Dow shed 0.9%, the S&P 500 lost 0.6%, while the Nasdaq ended 0.7% higher.
PART 1 | PART 2 | PART 3 | PART 4
The rally came after the European Central Bank said it would take further steps to ease loan collateral for banks, enabling Dow industrials to rise 67 points, or 0.5% to 12,641; the S&P 500 to add 10 points, or 0.7% to 1,335, and the Nasdaq to gain 33 points, or 1.2% to 2,892.
For the week, the Dow and S&P 500 both ended in red, while the Nasdaq gained for a third consecutive week; the Dow shed 0.9%, the S&P 500 lost 0.6%, while the Nasdaq ended 0.7% higher.
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