(NEW YORK) — Wall Street finished out a wild week with a major rally, as the Dow surged 207 points to end the week at 15,248.
Friday was the second best day of the year for the Dow Jones Industrial Average.
All the major averages closed the day around session highs and for the week all posted gains.
The main reason for Friday’s surge is that goldilocks jobs report — not too hot or too cold. It was a just right number that analysts say will keep the Federal Reserve from pulling back on its bond buying stimulus program. Veteran market watchers now believe the Fed will keep pumping money into the economy through at least the end of the summer before beginning to taper.
All in all, it was a good week on Wall Street. While the Tuesday streak did come to an end, the week ended with a big Friday rally.
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Natalia Hepworth, EastIdahoNews.com