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US shares rebound with strong gains US shares rebound with strong gain of 1.1%
(4 months later)
Close): US shares recovered strongly after the turmoil prompted by the Swiss move to end its franc-euro cap.Close): US shares recovered strongly after the turmoil prompted by the Swiss move to end its franc-euro cap.
Forex broker FXCM, suspended after clients lost $225m from the fall out, rejoined trading after a $300m loan.Forex broker FXCM, suspended after clients lost $225m from the fall out, rejoined trading after a $300m loan.
Its shares added a 68% fall to Thursday's 90% drop.Its shares added a 68% fall to Thursday's 90% drop.
The Dow Jones rose 190.8 points, or 1.1%, to 17,511.57. The S&P 500 rose 26.7 points, or 1.34%, to 2,019.37 and the tech-focused Nasdaq index gained 63.56 points, or 1.39% to 4,634.38.The Dow Jones rose 190.8 points, or 1.1%, to 17,511.57. The S&P 500 rose 26.7 points, or 1.34%, to 2,019.37 and the tech-focused Nasdaq index gained 63.56 points, or 1.39% to 4,634.38.
FXCM shares were at $4 a share from the quote of $12.63 on Thursday.FXCM shares were at $4 a share from the quote of $12.63 on Thursday.
The company said it risked breaching some capital requirements following the Swiss action but later Leucadia National said it would lend it $300m to meet regulatory capital requirements.The company said it risked breaching some capital requirements following the Swiss action but later Leucadia National said it would lend it $300m to meet regulatory capital requirements.
After lacklustre results, Goldman Sachs dropped more than 2% but regained some of that to end with a loss of 0.71% - still the biggest loser among the Dow 30.After lacklustre results, Goldman Sachs dropped more than 2% but regained some of that to end with a loss of 0.71% - still the biggest loser among the Dow 30.
Home Depot was the best Dow gainer, rising 3%.Home Depot was the best Dow gainer, rising 3%.
Shares in camera maker GoPro continued to slide, down more than 5% at one point, but it, too regained ground to end with a 2.2% loss.Shares in camera maker GoPro continued to slide, down more than 5% at one point, but it, too regained ground to end with a 2.2% loss.
Investors have been spooked by reports earlier this week that Apple had been granted a patent for an action-style camera similar to those made by GoPro, with shares now down by almost a quarter.Investors have been spooked by reports earlier this week that Apple had been granted a patent for an action-style camera similar to those made by GoPro, with shares now down by almost a quarter.
Games maker Activision Blizzard was one of the biggest risers, adding 9% on the news that Call of Duty: Advanced Warfare was the world's best-selling console game in 2014.Games maker Activision Blizzard was one of the biggest risers, adding 9% on the news that Call of Duty: Advanced Warfare was the world's best-selling console game in 2014.