The S&P 500 Index ($SPX) (SPY) Friday closed up +1.81%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.56%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.89%. June E-mini S&P futures (ESM25) are up +1.84%, and June E-mini Nasdaq futures (NQM25) are up +1.88%.
Stock indexes on Friday finished a volatile session sharply higher. Stocks recovered from a mid-morning swoon Friday as short covering emerged after the Financial Times reported that Boston Fed President Collins said the Fed “would absolutely be prepared” to help stabilize financial markets if conditions become disorderly. Stocks also found support Friday from better-than-expected Q1 quarterly earnings results from US banks and easing price pressures after the March US PPI report rose less than expected.
