The situation in the U.S. stock market
U.S. stocks rose, after a four-day drop erased 7.1 percent from the Standard & Poor’s 500 Index, amid speculation that central banks will take action this weekend to prevent another financial crisis.
Dow 10,745.63 +11.80 +0.11%, Nasdaq 2,476 +20.59 +0.84%, S&P 500 1,135.29 +5.73 +0.51%.
Alcoa Inc. (AA) and Caterpillar Inc. rallied at least 1 percent, pacing gains in companies most-tied to economic growth. Bank of America Corp. (BAC) and Morgan Stanley advanced more than 3.8 percent as financial stocks climbed.