A broad stock market rally kicked off on Friday, but Wall Street will get another big reading on consumer sentiment in less than 10 minutes. The S&P 500 was up 1.4%. The Dow was up 401 points, or 1%. The Nasdaq Composite surged 1.
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All three of the major averages (^DJI, ^GSPC, ^IXIC) opened higher on Friday. It comes after the S&P 500 closed in correction territory on Thursday. One thing giving stocks a boost is the news that Senate minority leader Chuck Schumer (D-NY) will support a GOP funding bill, likely averting a government shutdown that would have started this weekend. Morning Brief Anchor Brad Smith and Yahoo Finance Markets & Data Editor Jared Blikre break down the action at the open. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
↗️ DocuSign (DOCU): The e-signature company logged higher-than-expected quarterly profit and revenue, boosted by its new AI-enabled products. Shares climbed 17%. ↗️ Alibaba (BABA): The Chinese tech company released a new version of its Quark virtual assistant, powered by its latest AI technology.
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