The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

U.S. stocks rebound after two days of steep losses

Contributed by NAMPA / Xinhua.

NEW YORK, Oct. 12 (Xinhua) -- U.S. stocks rebounded on Friday as the fears over rising interest rates eased and earnings reports turned out to be better than expected.
Shortly after the opening bell, the Dow Jones Industrial Average gained 390.76 points, or 1.56 percent, at 25,443.59. The S&P 500 was up 43.71 points, or 1.60 percent, at 2,772.08. The Nasdaq Composite Index rose 165.54 points, or 2.26 percent, to 7,494.60.
On the earnings front, J. P. Morgan Chase topped analysts' expectations fo ...

 

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