Stock 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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- How to be the most productive person in your office — and still get home by 5:30 p.m.
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- Why Pakistan won't hunt down the terrorists within its borders
- 7 grammar rules you really should pay attention to
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- Pope Francis' American problem
- Vox, derp, and the intellectual stagnation of the left
- Alien conspiracy theorists think the government is on the verge of spilling big secrets
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