US Stocks Rebound In Wild Week Trading

The benchmark for the  US S&P 500 index rose 2.4 per cent just as a late-day advance got some momentum considered  strong enough to put the index in the green for the week.

This ended a  three-week run of losses.

The rebound follows report of US economic growth, which  accelerated more quickly than expected in the final quarter of 2021. Global analysts said  the growth boosted by consumer spending before disruptions from the Omicron variant of COVID-19 struck.

United States’  Gross Domestic Product (GDP )  grew 6.9 per cent in fourth quarter ahead of the Omicron wave.