Stocks closed higher for the second day in a row Friday but still ended with a weekly loss after three sizable drops earlier in the week.
The S&P 500 added 1.5%, but still lost 1.4% for the week. Another bounce back in tech shares pushed the Nasdaq 2.3% higher.
Retailers, banks, communication companies and industrial stocks also helped lift the market. Energy stocks also rose as the price of U.S. crude oil climbed 2.4%.
On Friday:
The S&P 500 rose 61.35 points, or 1.5%, to 4,173.85.
The Dow Jones Industrial Average rose 360.68, or 1.1%, to 34,382.13.
The Nasdaq rose 304.99 points, or 2.3%, to 13,429.98.
The Russell 2000 index of smaller companies rose 53.68 points, or 2.5%, to 2,224.63.
For the week:
The S&P 500 fell 58.75 points, or 1.4%.
The Dow fell 395.63 points, or 1.1%.
The Nasdaq fell 322.26 points, or 2.3%.
The Russell 2000 fell 47 points, or 2.1%.
For the year:
The S&P 500 is up 417.78 points, or 11.1%.
The Dow is up 3,775.65 points, or 12.3%.
The Nasdaq is up 541.70 points, or 4.2%.
The Russell 2000 is up 249.77 points, or 12.6%.
Before you consider HCSB Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HCSB Financial wasn't on the list.
While HCSB Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.