Dow’s Sudden Rally Erases 118 Point Loss Despite Chip Stock Meltdown

By CCN Markets: The Dow and broader U.S. stock market limped into Friday’s close after disappointing financial results from a leading chipmaker highlighted the dangers of a prolonged trade war with China. Dow Pares Losses; Nasdaq Endures Tech Blowback All of Wall Street’s major indexes struggled out of the gate Friday, reflecting a weak pre-market for Dow futures. The Dow Jones Industrial Average was down 118 points before rebounding later in the day. It last traded at 26,139.99 for a gain of 33.22 points or 0.13%. The broad S&P 500 Index of large-cap stocks edged up 1.27 points or 0.04%

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