Wall Street ends up sharply on rate cut hopes, trade optimism

 Wall Street ends up sharply on rate cut hopes, trade optimism

NEW YORK (Reuters) - Wall Street's major indexes charged higher on Friday, as sharply slowing U.S. job growth boosted hopes for Federal Reserve interest rate cuts while optimism about potential progress in U.S. trade fights with China and Mexico added to risk appetites.

Based on the latest available data, the Dow Jones Industrial Average rose 262.87 points, or 1.02%, to 25,983.53, the S&P 500 gained 29.76 points, or 1.05%, to 2,873.25 and the Nasdaq Composite added 126.55 points, or 1.66%, to 7,742.10.

(Reporting by Sinead Carew)

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Updated Date: Jun 08, 2019 02:05:55 IST