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  • Wall Street stocks rose early Friday, extending a market rebound following a three-day slide earlier in the week as European economic data strengthened significantly. Business activity in the eurozone is growing at its fastest rate in three years, according to IHS Markit, an indication of rising momentum after business restrictions imposed during the Covid-19 pandemic. Major indices scored strong gains on Thursday following consecutive declines, as investors bet on the strength of the reopening economy and appeared to put aside concerns about inflation. About 20 minutes into trading, the Dow Jones Industrial Average was up 0.8 percent at 34,362.38 The broad-based S&P 500 gained 0.5 percent to 4,180.27, while the tech-rich Nasdaq Composite Index edged up 0.2 percent to 13,557.90. Among individual companies, Home Depot climbed 0.7 percent as it announced a new $20 billion share repurchase program. Deere & Co. gained 1.4 percent after reporting that quarterly earnings more than doubled on a 35 percent jump in revenues. The farm equipment maker cited "strong market conditions and broad improvement across divisions and geographies." jmb/cs
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  • US stocks rise again after good eurozone data
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