At the end the Friday the Dow Jones industrial average rose 0.72% to reach 41393.78, the S&P 500 rose 0.54% to reach 5626.02 points and the Nasaq composite rose 0.65% to reach 17683.98 to register one of the best weeks of the year.
Investors are currently torn between the prospect of rate cuts and fear of a slowing economy, as the Dow is less than 0.5% from historic maximums.
Markets are expecting a rate cut by the US Federal Reserve of between 25 and 50 base points on its next meeting 18 September with increasing expectations that a 50 base point rise is likely.
Slowing jobs figures and the stabilization of inflation are expected to fee into more drastic rate cuts.
The largest rises over the whole week were in technology, discretional consumer products and communications.
By Staff
