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U.S. stocks rose on Friday, with the S&P 500 snapping its longest losing streak in nearly two years on the back of technology and communications companies. The cryptocurrency market was little changed after Thursday’s sharp retreat as bitcoin found stability near $6,300.
Stocks Mount Modest Comeback
All of Wall Street’s major indexes booked gains in the final session of the week. The large-cap S&P 500 Index advanced 1.4% to 2,767.09, with information technology and communications services leading the way higher. Tech shares spiked 3.2% on average.
The Dow Jones Industrial Average climbed 287.16 points, or 1.2%, to 25,339.99. The blue-chip index plunged more than 1,300 points on Wednesday and Thursday combined.
The Nasdaq Composite Index outperformed its peers on
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For too long, people have lived in a system that is rigged. A system that makes the poor poorer and the rich richer. In 2009, an invention came into existence which is now shaking up the banking industry – but we still have a long journey ahead of us for financial freedom. Automation and AI will claim more jobs than the first industrial revolution did. Researchers are unsure of the ramifications. Countries are debating citizens’ income to adjust for the lack of jobs due to automation. We believe that people need to plan for their own financial freedom. We will share information on how you can make more money and help you take the right financial decisions for the coming years.
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