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Dow’s Absurd Rally Intensifies as Markets Flip Script on Toxic Data

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By CCN: The Dow and broader U.S. stock market extended their relief rally to a fourth day on Thursday after dismal jobs data bolstered expectations that the Federal Reserve will slash interest rates this summer. Dow Extends Rally; S&P 500, Nasdaq Follow All of Wall Street’s major indexes continued higher on Friday, mirroring a strong pre-market for Dow futures. By the close, the Dow Jones Industrial Average had surged 263.28 points, or 1%, to 25,983.94. The blue-chip index has recovered more than 1,000 points this week. The broad S&P 500 Index of large-cap stocks rallied 1.1% to 2,873.34, with nine

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* First published on ccn.com

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