*WALL STREET ENDS VOLATILE WEEK HIGHER AS FED OFFICIALS EASE BANK FEARS $DIA $SPY $QQQ 🇺🇸🇺🇸
NEW YORK - U.S. stocks closed higher on Friday, marking the end of a tumultuous week as Federal Reserve officials calmed investor fears over a potential liquidity crisis in the banking sector.
At the conclusion of an up-and-down week, marked by a Fed interest rate hike and mounting worries over the health of the banking system, all three indexes notched weekly gains. In separate appearances, three regional Fed bank presidents said that their confidence that the banking system was not facing a liquidity crisis is what led to the decision to implement a 25 basis point policy rate hike on Wednesday.
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