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U.S. Stocks Rally On Weaker Than Expected Service Sector Reading

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
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After fluctuating early in the session, stocks have moved sharply higher over the course of morning trading on Friday. The major averages have shown a strong move back to the upside following the significant pullback seen in the previous session.

Currently, the major averages are just off their highs of the session. The Dow is up 475.05 points or 1.4 percent at 33,405.13, the Nasdaq is up 117.54 points or 1.1 percent at 10,422.78 and the S&P 500 is up 50.23 points or 1.3 percent at 3,858.33.

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Global Economics Weekly Update: April 20 – April 24, 2026

April 24, 2026 15:15 ET
Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.