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Stocks End Higher on Wall Street, Notching Weekly Gains

Started by Epoch-Times-Bot, Oct 21, 2022, 06:15 PM

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Epoch-Times-Bot

Oct 21, 2022, 06:15 PM
Stocks End Higher on Wall Street, Notching Weekly Gains

Wall Street capped a volatile run for stocks with a broad rally Friday, contributing to sizable weekly gains for major indexes.
The S&P 500 rose 2.4 percent and notched its biggest weekly gain since June. The Dow Jones Industrial Average rose 2.5 percent and the Nasdaq composite ended 2.3 percent higher.
More than 90 percent of the stocks in the benchmark S&P 500 index rose. Technology stocks, retailers, and health care companies powered a big share of the rally. Oracle rose 5 percent, Home Depot added 2.3 percent, and Pfizer rose 4.8 percent.
Social media companies fell broadly after Snapchat's parent company issued a weak forecast and the Washington Post reported that Elon Musk plans to slash about three-quarters of the payroll at Twitter after he buys the company. Snap slumped 28.1 percent and Twitter shed 4.9 percent....

Source: Stocks End Higher on Wall Street, Notching Weekly Gains

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