Wall Street Mints Big Gains to End Strong Week

Wall Street Mints Big Gains to End Strong Week
Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York, on May 20, 2022. Andrew Kelly/Reuters
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Wall Street’s main indexes soared on Friday in a broad rally as signs of slowing economic growth and a recent pullback in commodity prices tempered expectations for the Federal Reserve’s rate-hike plans.

The S&P 500 rose over 3 percent for its biggest one-day percentage rise since May 2020. All 11 of the benchmark index’s sectors ended at least 1.5 percent higher.