More swings hit Wall Street, except it finished higher this time.
After bobbing up and down Friday morning, the S&P 500 took off and rallied nearly 2 percent before finishing with a gain of 1 percent. The Dow Jones Industrial Average climbed 1.1 percent, and the Nasdaq composite rose 0.9 percent.
It’s a fitting finish for a week that left the S&P 500 just a bit below its record but also forced investors to stomach the sharpest hourly swings since a sell-off in April. Stocks got a boost after a Federal Reserve official suggested he may support cutting interest rates again in December.
On Friday:
The S&P 500 rose 64.23 points, or 1 percent, to 6,602.99.
The Dow Jones Industrial Average rose 493.15 points, or 1.1 percent, to 46,245.41.
The Nasdaq composite rose 195.03 points, or 0.9 percent, to 22,273.08.
The Russell 2000 index of smaller companies rose 64.48 points, or 2.8 percent, to 2,369.59.
For the week:
The S&P 500 is down 131.12 points, or 1.9 percent.
The Dow is down 902.07 points, or 1.9 percent.
The Nasdaq is down 627.51 points, or 2.7 percent.
The Russell 2000 is down 18.64 points, or 0.8 percent.
For the year:
The S&P 500 is up 721.36 points, or 12.3 percent.
The Dow is up 3,701.19 points, or 8.7 percent.
The Nasdaq is up 2,962.29 points, or 15.3 percent.
The Russell 2000 is up 139.43 points, or 6.3 percent.
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