Stocks closed sharply higher on Wall Street after another turbulent day of steep ups and downs. Photo: APNew York: A collective sigh of relief swept across global trading floors as bargain hunters swooped in to buy Wall Street stocks, stemming a hemorrhage that had been spreading panic among investors. Even before an impressive late-session surge, Wall Street’s stronger performance helped the main European stock markets off their worst levels. “Traders have been looking at the market for the past year moving in one direction which was skewed to the upside. Many on Wall Street remain optimistic about the markets.

Source: Mint February 07, 2018 03:45 UTC