tock markets surged on Friday after JPMorgan Chase reported that it had earned solid profits despite a trading loss during the second quarter of nearly $6 billion. The Dow Jones Industrial Average rose 204 points, or 1.6 percent, while the larger S&P 500 index climbed 22 points, or 1.7 percent. The rally broke a six-day losing streak for U.S. markets, which were also lifted by hopes that the Chinese government would enact new stimulus measures to counteract slowing growth.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
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- What would a U.S.-Russia war look like?
- Don't worry: World War III will almost certainly never happen
- What the collapse of the Ming Dynasty can tell us about American decline
- 4 life hacks from ancient philosophers that will make you happier
- Russia's Ukraine invasion is a moral crisis
- The Daily Show explains Hamid Karzai's 'Afghan Hustle'
- 22 TV shows to watch in 2014
- Mitt Romney, 2016 frontrunner*
- The end of academic freedom?
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