US stocks sharply higher Friday, boosted by Suez Canal traffic jam

WASHINGTON – Mr Market surprised us a bit Friday morning. US stocks opened sharply higher in all three widely followed averages, including the Dow Jones Industrials (DJI), the S&P 500 and the tech-heavy NASDAQ. The serious traffic jam in the Suez Canal injected some new life into the wavering energy sector, while good news on employment and inflation added to the market’s optimistic tone, pushing US stocks sharply higher. Particularly in the badly lagging tech sector — a real surprise. A musical interlude for Mr MarketAfter Thursday’s clearly iffy trading action, Friday morning’s bullish tone …

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