Stocks closed higher on Wall Street Friday, notching sizable weekly gains for major indexes.
The benchmark S&P 500 rose 2.4 percent Friday, while the Dow Jones Industrial Average and the Nasdaq also gained ground. Social media companies were broadly lower after Snapchat’s parent company issued a weak outlook and the Washington Post reported that Elon Musk plans to slash about three-quarters of the payroll at Twitter after he buys the company.
