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U.S. stocks staged a furious comeback rally on Friday as investors once again swooped in to buy the dip ahead of the weekend. Bitcoin prices, on the other hand, continued to sink.
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John Williams says there is ‘room for a further adjustment' in borrowing costs
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A selloff for bitcoin and other cryptocurrencies showed no signs of letting up on Friday, and investors were watching closely as a rout in those assets increasingly has been viewed as predictive for where the broader stock market is headed.
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Walmart's stock turned sharply higher, as earnings beat expectations and the full-year outlook was raised amid strength in spending across all income cohorts.
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