Dow posts first weekly gain since March as stocks bounce sharply
Stocks ended sharply higher Friday, cementing a bounce that saw the Dow Jones Industrial Average end a streak of eight straight weekly declines, while the S&P 500 and Nasdaq Composite end a run of seven consecutive weekly declines. The Dow rose around 576 points Friday, or 1.8%, to close near 33,214, according to preliminary figures. The S&P 500 rose around 100 points, or 2.5%, to finish near 4,158, while the Nasdaq advanced around 390 points, or 3.3%, to close near 12,131. The Dow rose 6.2% for the week, while the S&P 500 advanced 6.6% and the Nasdaq rallied 6.8%.
(END) Dow Jones Newswires
May 27, 2022 16:05 ET (20:05 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.