Stocks

Global stocks are jumping Friday as investors welcomed news of trade talks between the U.S. and China next week and the U.S. government reported a big increase in hiring in December.

___ Stocks swing to huge gains after jobs report, trade talks NEW YORK (AP) — Stocks soar on Wall Street, erasing the plunge they took a day earlier, as a string of encouraging developments relieve investors who have been worried about the U.S. economy.

Global stocks soared Friday and reversed the big losses they suffered just a day earlier.

Stocks that moved substantially or traded heavily Friday: Citigroup Inc., up $2.57 to $55.13 Bank stocks rallied as interest rates turned higher, reversing a steep decrease the day before.

The latest on developments in financial markets (all times local): 9:35 a.m.

Amazon Go store locations use cameras and sensors to detect which items customers remove from shelves.

Stocks surge on strong US jobs report, hopes for upcoming US-China trade talks; Dow Jones industrials rise 500 points.

U.S. investors end the week on a high note.

Apple's warning that its sales in China weakened over the holidays added to investors' fears that the global economy is losing strength, with the trade fight between the U.S. and China making the situation worse.

The latest on developments in financial markets (all times local): 10:20 a.m.

Stocks take a beating after iPhone sales slip; Dow falls 660 NEW YORK (AP) — Stocks tumbled Thursday on Wall Street, with technology companies suffering their worst loss in seven years, after Apple reported that iPhone sales are slipping in China.

Airlines are getting pummeled after a major carrier trimmed its revenue expectations for the fourth quarter.

Bristol-Myers Squibb is buying Celgene in a cash-and-stock deal valued at about $74 billion.

Facebook shares lost more than 25 percent in 2018, the first down year since the company went public in 2012.

Stocks went into a steep slide Thursday after Apple sent a shudder through Wall Street with word that iPhone sales in China are falling, reinforcing fears that the global economy is weakening.

“From our standpoint, we would love to see Apple go down in price,” the Berkshire Hathaway chair said in May.

The past year felt dismal for investors.

The Latest on sales at Apple Inc., which issued a rare cut to its revenue forecast citing weakness in China (all times local): 9:15 a.m.

The warning was the big company's first since 2002.

Asian markets were mixed on Thursday after tumbling more than 1 percent on the first trading day of 2019.