U.S. stocks rallied to the finish of a wild July as Amazon leaped, Apple sank and rising oil prices worsened worries about inflation.
The S&P 500 climbed 0.7 percent Friday after veering between gains and losses through the day. The Dow Jones Industrial Average added 0.5 percent, and the Nasdaq composite jumped 1 percent.
Amazon soared after delivering a stronger profit for the spring than analysts expected, suggesting its big AI investments may be paying off. Apple dropped after giving a lackluster forecast for upcoming revenue growth. Treasury yields climbed as worries built in the bond market about inflation potentially remaining high.
On Friday:
The S&P 500 rose 52.09 points, or 0.7 percent, to 7,489.72.
The Dow Jones Industrial Average rose 276.97 points, or 0.5 percent, to 52,485.03.
The Nasdaq composite rose 251.68 points, or 1 percent, to 25,373.85.
The Russell 2000 index of smaller companies fell 14.76 points, or 0.5 percent, to 2,931.34.
For the week:
The S&P 500 is up 77.74 points, or 1 percent.
The Dow is up 537.78 points, or 1 percent.
The Nasdaq is up 398.03 points, or 1.6 percent.
The Russell 2000 is up 1.34 points, or less than 0.1 percent.
For the year:
The S&P 500 is up 644.22 points, or 9.4 percent.
The Dow is up 4,421.74 points, or 9.2 percent.
The Nasdaq is up 2,131.86 points, or 9.2 percent.
The Russell 2000 is up 449.43 points, or 18.1 percent.
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