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Stocks rise as Wall St. nears 1st back-to-back weekly gain

7 months 1 week 5 days ago Friday, April 17 2020 Apr 17, 2020 April 17, 2020 8:58 AM April 17, 2020 in News
Source: Associated Press

NEW YORK CITY - Stocks are rising at the opening of trading on Wall Street Friday as investors rally around signs that more governments are planning phased re-openings of their economies.

News that China’s economy suffered the worst downturn since 1979 last quarter did little to depress traders’ optimism after the White House issued guidelines for a phased reopening of businesses, schools and other institutions.

The S&P 500 rose nearly 2% and could close out its first back-to-back weekly gain since the market began to sell off in February on worries about the virus. Asian and European indexes also rose.

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