- Can music help plants grow? Study suggests sound boosts fungus
- Nike earnings drop, says turnaround will take time
- US dockworkers launch mass strike a month before election
- Iron Dome: Israel's key anti-missile shield
- Cranes stand still as US dockworkers fight for 'future'
- GM reports US sales dip, but says EVs grew
- Sheinbaum takes office as Mexico's first woman president
- Webb telescope detects carbon dioxide on Pluto's largest moon
- Stock markets slump, oil jumps on Middle East concerns
- French PM vows more taxes and spending cuts ahead of budget fight
- Germany inaugurates IBM's first European quantum data centre
- Stock markets diverge as eurozone inflation drops further
- France's richest man takes control of Paris Match magazine
- Anger meets tear gas as Nigeria hardship protests fizzle out
- US dockworkers launch mass strike month before election
- Evacuations from Lebanon: what we know
- Feathers fly at Chanel's Paris fashion return
- UAE oil giant ADNOC swoops on German chemicals firm Covestro
- Eurozone inflation falls under 2% for first time since 2021
- Coldplay ticket scalping fiasco sparks backlash in India
- Droughts drive Spanish boom in pistachio farming
- Tokyo recovers some losses to lead Asian markets higher
- Rural schools empty in North Macedonia due to exodus
- US dockworkers launch strike after labor contract expires
- Thousands evacuated as Super Typhoon Krathon approaches Taiwan
- Kenya airport whistleblower fears for his life
- Sheinbaum to take office as Mexico's first woman president
- Scientists fear underfunded Argentina research on verge of collapse
- US port officials gird for strike despite last-minute bargaining
- With 118 dead from Hurricane Helene, Biden defends US government response
- Breeder who tried to create enormous trophy sheep jailed in US
- Qatar Airways seeking 25% stake in Virgin Australia
- US port officials gird for strike as labor talks stay stuck
- As toll crosses 100, Trump puts Hurricane Helene at election center stage
- US Fed Chair sees 'further disinflation' in economy
- Epic Games sues Google and Samsung over app store
- Officials see no shortages from likely US port strike
- UK families of Gaza hostages warn Lebanon attack 'takes focus away'
- Shares in Stellantis, Aston Martin skid on profit warnings
- Dali prints found in London garage sold at auction
- ECB chief backs bank mergers amid UniCredit, Commerzbank talk
- China stocks soar on stimulus, but US and Europe retreat
- 100 dead in storm Helene damage, flooding across US southeast
- China stocks soar on stimulus, Europe slides on automaker woes
- German antitrust watchdog steps up monitoring of Microsoft
- Nepal's urban poor count cost of 'nightmare' floods
- E.Guinea, Gabon clash at ICJ over oil-rich islands
- New blow for UK's Starmer as growth data disappoints
- China's top banks to tweak mortgage rates to boost housing market
- Muslim women break taboos navigating east London's waterways
US stocks finish bruising week on positive note
Wall Street stocks rebounded Friday after a bruising week beset with worries over inflation, the Ukraine war and the economic outlook.
Following a strong session in Europe and Asia, Wall Street closed the week robustly, with the tech-rich Nasdaq jumping nearly four percent and the S&P 500 pushing back above 4,000 points.
But even with Friday's rally, all three major US indices posted losses for the week.
Gregori Volokhine of Meeschaert Financial Services warned "it will take more than one session" to turn around the market, adding that there was no clear news catalyst for Friday's gains.
Analysts at Briefing.com said the turnaround was largely due to "a sentiment-driven trade wrapped up in the notion that stocks are deeply oversold and due for a bounce."
Stocks were under pressure for most of the week as fresh data showing elevated US inflation deepened expectations for aggressive action from the Federal Reserve as it tightens monetary policy.
Some analysts cited receding fears about China Covid-19 restrictions as supportive to stocks.
"Global sentiment seems to be getting some relief as China officials suggested that Covid-related lockdowns -- which have been another source of uneasiness -- may be set to ease," analysts at Charles Schwab investment bank said.
Oil prices pushed higher Friday after much volatility, reaching around $110 a barrel yet again, with analysts pointing to hopes for a Chinese recovery in demand and the drag on Russian production from a potential European Union ban on crude imports from the country.
On the corporate front, Twitter fell nearly 10 percent after Tesla Chief Executive Elon Musk said his purchase of the social media company was "temporarily on hold."
Analysts generally interpreted Musk's messages as an attempt to pull out of the deal or to try to force a lower price.
He later tweeted that he was "still committed to acquisition."
- Key figures at around 2130 GMT -
New York - Dow: UP 1.5 percent at 32,196.66 (close)
New York - S&P 500: UP 2.4 percent at 4,023.89 (close)
New York - Nasdaq: UP 3.8 percent at 11,805.00 (close)
London - FTSE 100: UP 2.6 percent at 7,418.15 (close)
Frankfurt - DAX: UP 2.1 percent at 14,027.93 (close)
Paris - CAC 40: UP 2.5 percent at 6,362.68 (close)
EURO STOXX 50: UP 2.5 percent at 3,703.42 (close)
Hong Kong - Hang Seng Index: UP 2.7 percent at 19,898.77 (close)
Shanghai - Composite: UP 1.0 percent at 3,084.28 (close)
Tokyo - Nikkei 225: UP 2.6 percent at 26,427.65 (close)
Brent North Sea crude: UP 3.8 percent at $111.55 per barrel
West Texas Intermediate: UP 4.1 percent at $110.49 per barrel
Euro/dollar: UP at $1.0417 from $1.0380 at 2100 GMT Thursday
Pound/dollar: UP at $1.2262 from $1.2202
Euro/pound: DOWN at 84.92 pence from 85.07 pence
Dollar/yen: DOWN at 129.19 yen from 128.34 yen
L.K.Baumgartner--CPN