Stocks closed broadly higher on Wall Street, breaking a three-week losing streak.
The benchmark S&P 500 index rose 1.5% on Friday, but is still well below where it was in mid-August. Big gains for technology companies pushed the Nasdaq composite even higher. The Dow Jones Industrial Average also climbed, as did small-company stocks.
All 11 industry sectors of the S&P 500 rose, including energy stocks, which caught a break from recent declines thanks to an upturn in oil prices.
The S&P 500 rose 61.18 points, or 1.5%, to 4,067.36.
The Dow Jones Industrial Average rose 377.19 points, or 1.2%, to 32,151.71.
The Nasdaq rose 250.18 points, or 2.1%, to 12,112.31.
The Russell 2000 index of smaller companies rose 35.94 points, or 1.9%, to 1,882.85.
For the week:
The S&P 500 is up 143.10 points, or 3.6%.
The Dow is up 833.27 points, or 2.7%.
The Nasdaq is up 481.44 points, or 4.1%.
The Russell 2000 is up 73.10 points, or 4%.
For the year:
The S&P 500 is down 698.82 points, or 14.7%.
The Dow is down 4,186.59 points, or 11.5%.
The Nasdaq is down 3,532.66 points, or 22.6%.
The Russell 2000 is down 362.47 points, or 16.1%.
Copyright © 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.Previous