* Closing auctions account for about 20% of European equity volumes. * CBOE, Aquis launch rival platforms. * Trend may drain liquidity during day, distort prices. By Josephine Mason. The final five minutes of trading have become the busiest time of day for stock market traders in Europe.
U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week.
U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to equities, but major indexes still ended the week with losses.
Benchmark U.S. Treasury yields
rose on Friday on a report that Germany may be open to running a
deficit to boost growth, while stronger stock markets also
reduced demand for safe haven debt.
* Indexes up: Dow 1.09%, S&P 1.38%, Nasdaq 1.61% * All 11 major S&P sectors rise. * Germany ready to take on new debt in case of recession -report. * Nvidia (NVDA) jumps after results, lifts chip stocks. * Bank stocks rise as U.S. Treasury yields ease off lows. * FAANG stocks gain. By Medha Singh and Arjun Panchadar.
President Donald Trump held a conference call Wednesday with the heads of three large Wall Street banks as financial markets were in turmoil, one source with direct knowledge said on Friday.
Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook.
By Evan Sully. Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook.
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