Wall Street scores first weekly gain since mid-August By Reuters

*WALL STREET SCORES FIRST WEEKLY GAIN SINCE MID-AUGUST AS BULLS FIGHT BACK - 🇺🇸🇺🇸

© Reuters. Traders work on the floor of the New York Stock Exchange in New York City, U.S., September 7, 2022. REUTERS/Brendan McDermid - U.S. stocks rallied on Friday, with the major indexes recording their first weekly gain in four weeks as investors went on a buying spree, shrugging off concerns about the economic outlook.

"It's not surprising we get a little bit of a bounce like we're getting here, as a lot of this is technical," said Jack Janasiewicz, lead portfolio strategist and portfolio manager at Natixis Investment Managers Solutions. All 11 major S&P sectors traded higher on Friday, with communication services, technology, energy and consumer discretionary leading the way.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Investingcom /  🏆 450. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European Markets Set to Rebound After Wall Street Rally; ECB ‘Jumbo' Rate Hike a PossibilityEuropean markets are heading for a higher open on Thursday following a rebound on Wall Street that lifted global sentiment.
Read more »

Wall Street Giants Set to Smash Profit Records Off Global Hunger, Energy Crisis'People's misery makes capitalists' superprofit.'
Read more »

Wall Street Giants Set to Smash Profit Records Off Energy Crisis, Global HungerRussia’s war on Ukraine has been disastrous for the global poor — millions of whom are living on the brink of famine — but the chaos has been a major boon for Wall Street giants.
Read more »

Weekend festival in Chicago's Woodlawn neighborhood celebrates Black Wall StreetThe festival will showcase that history and also highlight a time when Black neighborhoods in Chicago were more self-sustaining.
Read more »

Apollo vet Josh Harris launches new Wall Street firmJosh Harris, the Apollo Global Management co-founder who also owns several pro sports clubs, launched a new alternative asset management firm called 26North.
Read more »

Stock Market Today Live: Dow Gains Over 300 Points, U.S Stocks Snap Three Straight Weeks of LossesA broad rally in stocks helped the major U.S. indexes post weekly gains, snapping three straight weeks of losses
Read more »