Business
Dow rallies more than 600 points as interest rate expectations drop
US stock indexes rallied after weak economic data dampened investors’ expectations for an upcoming rate hike, putting the S&P 500 on track to begin a three-week losing streak.
The S&P 500 index rose 2.3% in Friday afternoon trading. The tech-heavy Nasdaq Composite also gained 2.3%, while the Dow Jones Industrial Average gained 2.1%, or more than 600 points.