The Dow added 288 points, and the Nasdaq composite flipped to a gain of 1.6%. If you are you looking for more info about online casino promo codes stop by our own website. But Treasury yields pared their gains as the report also included some more encouraging nuggets for the Fed´s inflation fighters. The S&P 500 rose 1.2% after erasing an earlier drop of 0.9%. NEW YORK (AP) – Wall Street rallied in a whipsaw Friday and erased its morning losses after looking deeper into the nuances of a surprisingly strong report on the U.S. Stocks initially tumbled after the strong jobs report raised worries about upward pressure on inflation and the Federal Reserve keeping interest rates high.
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economy and threatening to derail the Federal Reserve´s drive to tame inflation without causing a deep recession. The jump in longer-term rates coincides with other threats, from higher gas prices and this week´s resumption of student loan payments to autoworkers´ ongoing strike and the risk of a government shutdown next month. The costs of mortgages, auto loans and credit card debt have all risen in response. WASHINGTON (AP) – Surging interest rates are intensifying the challenges for the U.S.
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NEW YORK (AP) – Sam Bankman-Fried authorized the illegal use of FTX customers´ funds and assets to plug financial gaps at an affiliated hedge fund from the exchange´s earliest days, FTX´s co-founder Gary Wang told a New York jury on Friday, as prosecutors pressed their case that Bankman-Fried was the mastermind behind one of the biggest frauds in U.