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Stocks end broadly higher, breaking a 3-week losing streak

Stocks closed broadly higher on Wall Street, breaking a three-week losing streak

By DAMIAN J. TROISE and ALEX VEIGA
Published - Sep 09, 2022, 04:54 PM ET
Last Updated - Jun 24, 2023, 11:53 AM EDT

Wall Street added to its recent gains Friday with a broad rally that broke the market's three-week losing streak.

The S&P 500 closed 1.5% higher, its third straight increase, and ended with a 3.7% gain for the week. That makes it the benchmark index's best week going back to July.

Big gains for technology companies pushed the Nasdaq composite to a 2.1% gain, while the Dow Jones Industrial Average rose 1.2%. Both indexes also notched their first weekly gain in four weeks.

The latest gains punctuated a holiday-shortened week of trading on Wall Street during which the market regained some of the ground it lost after a mid-August slump that wiped away the much of the gains from a mid-summer rally.

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