Wall St ends higher as selloff prompts dip-buying rally

News Snapshot:

US stocks rebounded on Friday as investors hunted for bargains at the end of a tumultuous week in which US President Donald Trump's escalating trade war fuelled recession fears and doused risk appetite. A broad rally boosted all three major US stock indexes to solid gains, with recently battered tech-related megacaps enjoying a comeback. Every one of the so-called Magnificent 7 artificial intelligence-related momentum stocks advanced, although six of them remain down on the year. The S&P 500 and Nasdaq logged their biggest one-day percentage gains since November 6, the day after the US presidential election. Chips were outperformers, rising...