Stocks shook off a weak start and ended higher on Wall Street even as worries about banks on both sides of the Atlantic continue to weigh on markets.
The S&P 500 rose 0.6% Friday, marking its second straight weekly gain. The Dow Jones Industrial Average and the Nasdaq composite also rose. Treasury yields stabilized after an early drop.
Markets have been turbulent recently on worries that banks are weakening under the pressure of much higher interest rates. That’s led to rising concerns about a recession and uncertainty about what central banks will do with interest rates going forward.
On Friday:
The S&P 500 rose 22.27 points, or 0.6%, to 3,970.99.
The Dow Jones Industrial Average rose 132.28 points, or 0.4%, to 32,237.53.
The Nasdaq composite rose 36.56 points, or 0.3% to 11,823.96.
The Russell 2000 index of smaller companies rose 14.63 points, or 0.9%, to 1,734.92.
For the week:
The S&P 500 is up 54.35 points, or 1.4%.
The Dow is up 375.55 points, or 1.2%.
The Nasdaq is up 193.45 points, or 1.7%.
The Russell 2000 is up 9.03 points, or 0.5%
For the year:
The S&P 500 is up 131.49 points, or 3.4%.
The Dow is down 909.72 points, or 2.7%.
The Nasdaq is up 1,357.48 points, or 13%.
The Russell 2000 is down 26.32 points, or 1.5%.
Before you make your next trade, 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.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
