Major stock markets in the United States closed higher on Friday after fears of economic recession seemed to abate in the wake of comments about a potential interest rate cut soon. After a major market plunge on Monday and volatile trading sessions during the week, investors recovered optimism after the latest job report. Traders also assessed fresh quarterly earnings by many major companies, such as Disney and financial services giant Robinhood.
The Down Jones was up by 0.13% with the American Express Company gaining 1.85%. Nasdaq 100 rose by 0.54% after the Trade Desk Inc surged 12.50%. The S&P 500 grew by 0.47%, the biggest gains recorded by Akamai Technologies Inc which jumped 10.86%.
The euro traded flat against the dollar, selling for $1.09195 at 4:00 pm ET.
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