The Dow Jones Industrial Average rose 744 points, or 2.5%, to 30,236 and the Nasdaq rose 3.3%. The broad gains come as investors look for signs that central banks might ease up on their aggressive rate hikes aimed at taming inflation. Australia’s central bank made an interest rate hike that was smaller than previous ones. Wall Street is worried that the rate hikes, especially the increases from the Federal Reserve, could go too far in slowing growth and send economies into a recession. Economic growth is already slowing globally and the U.S. economy contracted during the first two quarters of the year, which is considered an informal signal of a recession. The economy still has several strong pockets, including employment. Wall Street will get a . . .
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