News That Matters

Tag: volatile

Wall Street on front foot after volatile week

Wall Street on front foot after volatile week

Business
Wall Street made strong gains on Monday as technology and financial shares helped it recover from its worst week in two years.New York's Dow Jones Industrial Average closed more than 400 points, or 1.7%, higher - also helped by details of Donald Trump's budget. The gain built on a 1.4% upturn in the previous session.The FTSE 100 started the week on the front foot too, adding more than 1% after falling by a similar amount on Friday.Markets have been enduring a volatile spell since 2 February, when strong US jobs and wage growth figures raised the spectre of rising inflation and accelerating interest rate hikes.The fear that the era of cheap money could be coming to an end proved the catalyst for a major sell-off for stock indices both in the US and across the globe - widely seen as a "corre...