Stocks rose on Friday despite a tumble in Amazon shares after economic data pointed to slowing inflation and a steady consumer.
The Dow Jones Industrials leaped 828.52 points, or 2.6%, to 32,861.80.
The 30-stock index was up 5.7% this week in its best performance since May. It was also on track for its best month since January 1976.
The S&P 500 climbed 93.76 points, or 2.5% to 3,901.06.
The NASDAQ jumped 309.78 points, or 2.9%. to 11,102.45.
The S&P 500 leaped 3.9% and the NASDAQ is up 2.2% for the week.
The stock market has fractured this week as investors dumped technology shares following weak results and outlooks from Microsoft,
Alphabet and Meta and rotated into economically sensitive stocks that will benefit if the U.S. economy can skirt a recession.
Amazon plunged by 6.8% after the company posted weaker-than-expected quarterly revenue and issued disappointing fourth-quarter sales guidance Thursday. Apple shares … Read more