Wall Street snapped out of its holiday-season funk. The S&P 500 climbed 1.3% Friday for its first gain since Christmas and its best day in nearly two months. The Dow Jones Industrial Average added 339 points, or 0.8%, and the Nasdaq composite jumped 1.8%. Big Tech stocks led the way, and Nvidia and Tesla in particular helped pull the market higher. They offset drops for beer, wine and liquor companies after the U.S. Surgeon General warned of cancer risks related to alcohol. Treasury yields rose in the bond market following a better-than-feared report on U.S. manufacturing.
