Stock Market Today: Wall Street Climbs to Clinch Its First Winning Week in a Month

Trader John Bowers works on the floor of the New York Stock Exchange on Aug. 25, 2023, as Federal Reserve Chair Jerome Powell's speech shows on a television screen. Richard Drew/AP Photo

NEW YORK—Stocks rose Friday to send Wall Street to its first winning week since July after the head of the Federal Reserve said it will “proceed carefully” as it decides what to do with interest rates.

The S&P 500 climbed 29.40, or 0.7 percent, to 4,405.71 after flipping between small gains and losses a few times through the day. The Dow Jones Industrial Average rose 247.48 points, or 0.7 percent, to 34,348.90, and the Nasdaq composite gained 126.67, or 0.9 percent, to 13,590.65.