World Stocks Extend Week-Long Rebound After Slew of US Data

GLOBAL MARKET - NEW YORK. Global shares pushed higher on Friday, adding to weekly gains, after encouraging U.S. economic data helped soothe fears of a recession in the world's largest economy.

On Wall Street, stocks extended their biggest weekly percentage gains of the year. The Dow Jones Industrial Average finished up about 0.25% - bringing its weekly gain to 2.7% - while the S&P 500 and Nasdaq Composite both increased 0.2%; they were up about 3.7% and 5% on the week, respectively.