U.S. Stocks Stabilize After Turbulence Brought On By The War With Iran

Business

The major indexes are still on pace for their third straight losing week. U.S. stocks rose early Friday on Wall Street as a spike in crude oil prices caused by the war with Iran eased and traders sized up new data on consumer spending and the economy. The S&P 500 was up 0.7%. The Dow Jones Industrial Average was up 304 points, or 0.6%, as of 10:01 a.m. Eastern time, and the Nasdaq composite was 0.7% higher. The gains mark a stark change from the heavy turbulence in that gripped the market