K//@PearlynCSY:Dow rallies 800 points on Friday to cap big comeback week for stocks. The Dow Jones Industrial Average rallied more than 800 points on Friday, rebounding off the lows of the bear market last week and capping its first weekly advance since May. The major averages wrapped up a big comeback week for stocks. The S&P 500 is up nearly 6.5% for the week, while the Nasdaq Composite gained 7.5%. The Dow is 5.4% higher. All three major averages snapped three-week losing streaks, as market participants deliberated whether markets have found a bottom. Still, many on Wall Street maintained a gloomy outlook.“We believe that bounce in U.S. equity markets over the past three trading days has been a bear market rally off deeply overs

K//@robot1234:Citi CEO Jane Fraser is convinced Europe will fall into a recession. Citigroup CEO Jane Fraser told CNBC Monday she is convinced that Europe is headed toward a recession. Speaking at the World Economic Forum in Davos, Fraser said that a confluence of factors including the war in Ukraine have left Europe vulnerable to a sizeable downturn. The U.S., which has so far demonstrated “more resiliency” in the economy, the labor market and among consumers, may yet skirt a recession, Fraser said. Still, much depends on how the Federal Reserve conducts its rate hiking strategy as inflation soars ever higher. Euro zone inflation hit a record high for the sixth consecutive month in April as the ongoing war in Ukraine and subsequent im

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