Stocks edged higher on Friday as the market extended its impressive recovery following Monday’s sharp sell-off. The finished the week close to erasing its earlier losses, demonstrating resilience after a volatile start.
The benchmark index climbed 0.47% to close at 5,344.16, while the gained 0.51%, ending the day at 16,745.30. The (DJIA) saw a modest increase, rising 51 points, or 0.13%, to settle at 39,497.54.
For the week, the S&P 500 was down just 0.04%, having briefly turned positive during Friday’s session before giving back some gains. Meanwhile, the Dow and Nasdaq ended the week lower by 0.6% and 0.18%, respectively.
Last week was the most turbulent of 2024 for the markets, with Monday’s dramatic losses standing out.
The Dow plunged 1,000 points, and the S&P 500 dropped 3% in its worst day since 2022. The sell-off was triggered by disappointing U.S. payroll data from the prior week and concerns that the Federal Reserve had…
