Markets rally as earnings seasons kicks off in the US

Stocks climbed on Friday as Wall Street closed a volatile week on a high note. The Dow Jones Industrial Average gained 748.97 points, or 2.47 per cent, to close at 31,082.56. The S&P 500 rose 2.37 per cent to 3,752.75 and the Nasdaq Composite added 2.31 per cent. American Express stated that its travel and entertainment segment saw spending climb 57 per cent from a year ago with volumes in its international markets surpassing pre-pandemic levels for the first time in the third quarter. In tech, social media company Snap fell 28 per cent after reporting a quarterly revenue of $1.13 billion, below expectations. In commodity news, mining giant BHP is concerned with Chile’s Mining Royalty Bill. . . .