US stocks rise broadly, remain on track to break 3-week losing streak
Stocks rose in afternoon trading on Wall Street Friday, keeping the market on track to break a three-week losing streak.
The S&P 500 rose 1.2% as of 12:15 pm Eastern and is up 3.3% for the week.
The Dow Jones Industrial Average rose 306 points, or 1%, to 32,078 and the Nasdaq rose 1.7%. Each index is on track for its first weekly gain in four weeks.
Technology stocks and retailers had some of the biggest gains. Microsoft rose 1.8% and Amazon rose 1.6%.
DocuSign jumped 8% after the electronic signature company reported strong second-quarter sales and raised its subscription forecast.
All 11 industry sectors in the benchmark S&P 500 rose, though makers of household goods and utilities, which are typically considered less risky investments, lagged the market.
U.S. crude oil prices rose 3.1%.
Bond yields were mixed.
The yield on the 10-year Treasury, which influences interest rates on mortgages and other loans, fell to 3.31% from 3.33% late Tuesday.
The two-year Treasury yield, ..