: Dow climbs 550 points as U.S. stocks snap 4-day losing streak
U.S. stocks snapped a four-day losing streak on Friday as a rebound in shares of beaten-down regional banks along with sharp gains in shares of Apple Inc. sent the main indexes sharply higher. However, Friday’s gains weren’t enough to wipe out weekly losses for the S&P 500 SPX and Dow DJIA, which saw their biggest weekly pullback since the week ended March 10, falling 0.8% and 1.2%, respectively, according to preliminary closing data from FactSet. The Nasdaq Composite COMP eked out a marginal weekly gain of 0.1%. For Friday’s session, the S&P 500 gained 75 points, or 1.9%, to finish at 4,136.25, according to preliminary data from FactSet. The Dow gained 546.64 points, or 1.7%, at 33,674.38. The Nasdaq Composite, meanwhile, advanced 269.01 points, or 2.3%, to 12,235.41.
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