Dow jumps 387 points as US stocks snap weekly losing streak after rate fears ease
US stocks climbed higher on Friday, snapping a weekly losing streak as investors dialed back fears of aggressive rate hikes.
Investors digested comments from Federal Reserve officials on the central bank's next policy move. Though Fed Governor Christopher J. Waller said interest rates could tread higher than markets were currently expecting, Atlanta Fed President Raphael Bostic signaled for just a 25 basis-point hike in March, spurring a rally in stocks during the session on Thursday.
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