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.
The yield on the two-year Treasury note fell to 4.49 percent on hopes that the Federal Reserve might consider slowing down its future rate increases after making another big hike next month.
On Friday:
- The S&P 500 rose 86.97 points, or 2.4 percent, to 3,752.75.
- The Dow Jones Industrial Average rose 748.97 points, or 2.5 percent, to 31,082.56.
- The Nasdaq rose 244.87 points, or 2.3 percent, to 10,859.72.
- The Russell 2000 index of smaller companies rose 37.85 points, or 2.2 percent, to 1,742.24.
- The S&P 500 is up 169.68 points, or 4.7 percent.
- The Dow is up 1,447.73 points, or 4.9 percent.
- The Nasdaq is up 538.33 points, or 5.2 percent.
- The Russell 2000 is up 59.84 points, or 3.6 percent.
- The S&P 500 is down 1,013.43 points, or 21.3 percent.
- The Dow is down 5,255.74 points, or 14.5 percent.
- The Nasdaq is down 4,785.26 points, or 30.6 percent.
- The Russell 2000 is down 503.07 points, or 22.4 percent.
