US Stocks Rally After Their Epic Selloff
U.S. stocks are rallying Friday, but nowhere nearly by enough to keep Wall Street from a fourth straight losing week, which would be its longest such streak since August.
The S&P 500 was 1.77% higher in early trading at 11:28 a.m. EST, a day after closing more than 10% below its record for its first “ correction ” since 2023. The Dow Jones Industrial Average was up 561.43 points, or 1.38%, and the Nasdaq composite was 371.19 points or 2.16% higher.
One piece of uncertainty hanging over Wall Street may be clearing after the Senate made moves to prevent a possible partial shutdown of the U.S. government. A deadline is looming at midnight for it.