Major stock indexes in the United States erased losses observed at the start of Friday’s session and moved to the green territory, with the Dow Jones gaining more than 100 points. Investors’ concerns over the health of the US economy and fears of a potential recession, which led markets to crash on Monday, seemingly calmed after Federal Reserve Bank of Boston President Susan Collins signaled that the central bank could start cutting interest rates soon.
At 1:18 pm ET, the Dow Jones improved by 0.26% or 103 points. At the same time, the Nasdaq 100 gained 0.55%, and the S&P 500 added 0.51%.
The euro traded flat against the dollar at 1:20 pm ET, changing hands at 1.09195.
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