Stock market recovers after day of big losses
The stock market bounced back Friday, a day after suffering its second-worst loss this year.
Bank stocks had some of the biggest gains even though many of them had their credit ratings cut the day before.
JPMorgan Chase, Bank of America and other big lenders posted solid gains. Banking analysts said the downgrades from Moody’s Investor Service late Thursday had been expected for months and removed uncertainty that had been weighing on banks.
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