Dow Jumps More Than 800 Points as Fears of Interest-Rate Hikes Subside

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Shares rallied on Friday after contemporary financial knowledge tempered buyers’ expectations of steep Federal Reserve interest-rate hikes, as main market indexes notched their first weekly positive aspects after three consecutive weeks of losses.  

The Dow Jones Industrial Common surged 823.32 factors, or 2.7%, to shut at 31500.68. The S&P 500 climbed 116.01, or 3.1%, to 3911.74, in its greatest one-day achieve in share phrases in additional than two years. The technology-heavy Nasdaq Composite added 375.43, or 3.3%, to 11607.62.

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