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U.S. stocks rallied to their best day since the election, but
not by enough to keep Wall Street from a fourth straight losing
week.
The S&P 500 rose 2.1% Friday, a day after closing more than 10%
below its record for its first “correction” since 2023. The Dow
Jones Industrial Average jumped 1.7%, and the Nasdaq composite
climbed 2.6%.
Ulta Beauty helped lead the market after the beauty products
retailer reported stronger profit for its latest quarter than
analysts expected. Worries have been rising that U.S. consumers
may cut back on their spending because of uncertainty around
tariffs.
On Friday:
The S&P 500 rose 117.42 points, or 2.1%, to 5,638.94.
The Dow Jones Industrial Average rose 674.62 points, or 1.7%, to
41,488.19.
The Nasdaq composite rose 451.07 points, or 2.6%, to 17,754.09.
The Russell 2000 index of smaller companies rose 50.40 points,
or 2.5%, to 2,044.10.
For the week:
The S&P 500 is down 131.26 points, or 2.3%.
The Dow is down 1,313.53 points, or 3.1%.
The Nasdaq is down 442.13 points, or 2.4%.
The Russell 2000 is down 31.39 points, or 1.5%.
For the year:
The S&P 500 is down 242.69 points, or 4.1%.
The Dow is down 1,056.03 points, or 2.5%.
The Nasdaq is down 1,556.71 points, or 8.1%.
The Russell 2000 is down 186.06 points, or 8.3%.
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