U.S. stocks gained about 2% last week, more than recouping the previous week’s losses.
After rising most of the week, U.S. stocks gave it all back on Friday, with the major equity averages all dropping more than 2% to end the week as the war of words between America and China heated up.
Stocks rebounded last week after experiencing one of their worst weeks in years but ended the first quarter mostly in the red after dropping sharply in March.
Global stocks had one of their worst weeks in years last week, dragged down by fears of an escalating trade war, higher interest rates, and a big drop in shares of Facebook, one of the tech sector’s highest flyers.
Weighed down by fears of a global trade war and apparent disorder in the White House, stocks fell last week.
Capped off by another strong Friday rally, stocks had their best week in nearly a month.
Stocks staged another Friday afternoon rally but it wasn’t nearly enough to push the major U.S. indexes out of the red for the week.