NEW YORK (AP) — U.S. stocks rallied to their best day in months on Friday as Wall Street’s roller coaster suddenly shot back upward. That still wasn’t enough to keep the U.S. market from a fourth straight losing week, its longest such streak since August.
The S&P 500 jumped 2.1% a day after closing more than 10% below its record for its first “ correction ” since 2023. The last time the index shot up that much was the day after President Donald Trump’s election, when Wall Street was focusing on the upsides of Trump’s return to the White House.
The Dow Jones Industrial Average climbed 674 points, or 1.7%, and the Nasdaq composite jumped 2.6%.
READ MORE: Wall Street tumbles to its first ‘correction’ since 2023 amid Trump’s escalating trade war
A multi-day “relief rally could be coming” after so much negativity built among investors, said Yung-Yu Ma, chief investment…
