S&P 500 Notches Its Best Week Since November 2023: Markets Wrap
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Wall Street’s gyrations shook markets anew, with stocks erasing losses to notch their best week since 2023. The rally came as a rout in bonds and the dollar abated, following a few chaotic days that underscored fears foreign investors are beating a retreat from American assets.
Volatility shows little signs of easing as concerns that President Donald Trump’s fast-evolving trade policy is not only shaking the global economy, but threatening the US status as the world’s safe haven. The S&P 500 jumped 1.8% on a report that a Federal Reserve official said the central bank is ready to help stabilize markets, if needed. US 10-year yields came well off Friday’s highs, but saw their biggest weekly surge in over two decades.