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Wall Street rallies; S&P 500 snaps five-day losing streak

U.S. stocks rallied on Friday, snapping a five-day losing streak in the S&P 500, as financial, commodity-related and other beaten-down shares rebounded. | Video

Recent Business News

Strong U.S. consumer spending counters recession fears

WASHINGTON U.S. consumer spending regained momentum in January as households ramped up purchases of a variety of goods, in a hopeful sign that economic growth was picking up after slowing to a crawl at the end of 2015.

2:06pm EST

Late-day buying could be start of turnaround

NEW YORK As U.S. stocks continue to struggle in 2016, equities are showing some signs selling pressure may be reaching an end.

3:18pm EST

Mattel names new head of Barbie business

Toy maker Mattel Inc on Friday named a new head for its Barbie business as it seeks to reignite sales of its iconic dolls after two years of declines.

4:46pm EST

Fed's Dudley dismisses negative US rates, sees economic momentum

NEW YORK While recently tighter U.S. financial conditions will factor into the Federal Reserve's upcoming policy decisions, it is "extraordinarily premature" to even talk about using negative interest rates to stimulate the economy, a top Fed official said on Friday.

12:18pm EST

Argentine farmers take Monsanto seed complaint to regulators

BUENOS AIRES Argentina's main farm group on Friday took complaints against Monsanto Co to local regulators, accusing the company of abusing its dominant position in the market by ordering exporters to inspect soy cargos for second-generation genetically modified seeds.

4:15pm EST

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