Stocks on the Wall Street moved sharply higher during trading on Friday with major averages showing strong moves to the upside and the Nasdaq and the S&P 500 bouncing off their lowest closing levels in over a month. The Dow surged 654.27 points or 1.6 percent to 40,589.34, the Nasdaq shot up 176.16 points or 1.0 percent to 17,357.88 and the S&P 500 jumped 59.88 points or 1.1 percent to 5,459.10. For the week, the Dow advanced by 0.8 percent, but the S&P 500 slid by 0.8 percent and the Nasdaq slumped by 2.1 percent. All sectors posted gains, led by industrials as 3M soared 23.1%, marking its best day since at least 1972. Investors are preparing for next week's quarterly earnings reports from four of the Magnificent Seven tech giants: Apple, Microsoft, Amazon, and Meta.
