Dow Jumps More Than 800 Points as Fears of Interest-Rate Hikes Subside

Stocks rallied after fresh economic data tempered investors’ expectations of aggressive Federal Reserve interest-rate hikes, giving the S&P 500 its first weekly gain in the last four weeks.  

The Dow Jones Industrial Average surged 826 points, or 2.7%, while the S&P climbed 3.1%. The technology-heavy Nasdaq Composite added 3.3%. 

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