The S&P 500 soared 3.1 percent to snap a three-week losing streak, while the tech-heavy Nasdaq surged 3.3 percent.
The major U.S. stock indexes rallied Friday, positioning Wall Street to end the week in positive territory. By Yiwen Lu Yiwen Lu Intern Email Bio Follow June 24 at 4:49 PM Stocks swelled Friday, lifting the Dow more than 800 points and giving Wall Street a badly needed win after weeks of tumult.
All three indexes snapped a three-week losing streak and ended the holiday week — Wall Street was closed Monday for Juneteenth — with hefty gains. The S&P 500 advanced 6.
Oil prices rose Friday as supply continued to tighten. Brent crude, the international benchmark, jumped more than 3.1 percent and traded above $113 per barrel. West Texas Intermediate crude, the main U.S. benchmark, climbed 3.3 percent to nearly $108 per barrel. Still, that’s a significant pullback since last week, when both were hovering near $120.
Pump prices also fell, with the national average settling at $4.93 a gallon on Friday, according to AAA. Last week, the average breached $5 for the first time.
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