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US stocks end rollercoaster week back where they started

Global equities claw back bulk of losses from Monday’s sharp sell-off but mood remains cautious

Wall Street eked out gains on Friday that all but erased the losses investors suffered in a week of volatile trading that included some of the worst and best days for US stocks in almost two years.

In New York the benchmark S&P 500 and the tech-heavy Nasdaq each closed 0.5 per cent higher on Friday, leaving both little changed on the week.

Friday’s gains lifted the S&P 500 more than 4 per cent above the lows it touched on Monday when a global sell-off sparked by weak US jobs figures a week ago turned into a full-scale rout.

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