Wall Street rallies and US stocks recover much of Friday's wipeout
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August 4, 2025 9:00 AM
NEW YORK (AP) — U.S. stocks are rallying and recovering much of their sharp losses from last week, when worries about how President Donald Trump’s tariffs may be punishing the economy sent a shudder through Wall Street.
The S&P 500 jumped 1.1% in midday trading to claw back more than two thirds of Friday’s drop. The Dow Jones Industrial Average was up 426 points, or 1%, as of 11:45 a.m. Eastern time, and the Nasdaq composite was 1.5% higher.
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