U.S. stocks ended higher on Friday as bargain hunters stepped back into the market following sharp losses a day earlier, but all three major indexes suffered their biggest weekly percentage declines since March
The day’s trading was marked by wild swings, with the S&P 500 up about 3% at its high of the session and down about 0.6% at the low.
The S&P 500 closed well above its 200-day moving average, a closely watched technical level, after moving above and below the level during the session.The Dow Jones Industrial Average rose 477.37 points, or 1.9%, to 25,605.54, the S&P 500 gained 39.21 points, or 1.31%, to 3,041.31 and the Nasdaq Composite added 96.08 points, or 1.01%, to 9,588.81.
Earlier this week, the Nasdaq confirmed it had been in a bull market since March 23 and the S&P 500 briefly turned positive on the year. Traders exit the 11 Wall St. door of the New York Stock Exchange in New York City, New York, U.S., June 11, 2020. REUTERS/Brendan McDermid
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