Stock market today: S&P 500, Nasdaq rise, nearly wiping out week's losses in wild turnaround

Higher trading on Friday capped a major comeback on Wall Street as late-stage gains largely wiped away Monday's heavy losses, ending a turbulent week with a high note. The S&P 500 rose close to 0.5%, while the Nasdaq Composite increased 0.5%. The Dow Jones Industrial Average gained 0.1% or about 50 points. Markets closed the most volatile week of the 2024 campaign.

The S&P 500 and Nasdaq both rallied over 2%, with the S&P posting its best day since late 2022 — a remarkable feat, considering the breadth of 2024's rally overall. In the end, with a modest rally on Friday, the major indexes wrapped the the week near where they started. All the more reason, as many strategists told Yahoo Finance's Julie Hyman in the Morning Brief newsletter, to stay calm amid the chaos.

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