NEW YORK: Wall Street rebounded on Friday to close at its highest in two weeks after a strong jobs report and assurances from Federal Reserve Chairman Jerome Powell that the central bank would be patient and flexible in steering the course of interest rates.In a session emblematic of the elevated volatility that has gripped markets for weeks, all three major U.S. stock indexes surged more than 3 percent in one of the broadest advances in years. The gains more than wiped out the previous session's losses and were led by the technology sector, which bounced back from its largest one-day decline in more than seven years after Apple Inc cut it sales outlook.

Source: The Star January 04, 2019 21:33 UTC