EPIC UPDATE: WALL STREET
Posted: Tue Jul 17, 2012 3:22 am
US stocks shed the sour tone that plagued equities all week on Friday, with a rally that broke a six-day losing streak.
Major indexes surged more than 1%, lifted by Chinese growth figures that eased concerns about a slowdown and earnings from JPMorgan Chase & Co that assuaged fears about the long-term impact of trading losses that cost the bank USD 5.8 billion for the year.
Major indexes surged more than 1%, lifted by Chinese growth figures that eased concerns about a slowdown and earnings from JPMorgan Chase & Co that assuaged fears about the long-term impact of trading losses that cost the bank USD 5.8 billion for the year.