Global shares advance as investors go bargain hunting

Irish Times | May 13, 2022 at 8:01 PM
  • Shares rose on Friday as a bout of bargain hunting took over after worries about aggressive monetary policy tightening and slowing global growth.
  • Growth stocks led a rebound in Wall Street’s main indexes on Friday, in a week marred by worries about the worsening outlook for economic growth, while Twitter sank after Elon Musk put his deal for the social media company on pause.
  • The Dow Jones Industrial Average was up 458.85 points, or 1.45 per cent, at 32,189.15, the S&P 500 was up 92.62 points, or 2.36 per cent, at 4,022.70, and the Nasdaq Composite was up 416.87 points, or 3.67 per cent, at 11,787.84.