Caroline Valetkevitch

Wall St Ends Up Sharply For 2nd Day; Amazon.com Jumps After Hours

U.S. stocks on Thursday rallied for a second day, with all three major indexes ending up more than 1% as data showing a second consecutive quarterly contraction in the economy fueled investor speculation the Federal Reserve may not need to be as aggressive with interest rate hikes as some had feared.

Wall St Ends Up Sharply For 2nd Day; Amazon.com, Apple Jump After Hours

U.S. stocks on Thursday rallied for a second day, with all three major indexes ending up more than 1% as data showing a second consecutive quarterly contraction in the economy fueled investor speculation the Federal Reserve may not need to be as aggressive with interest rate hikes as some had feared.

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