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Dow climbs 550 points as U.S. stocks snap 4-day losing streak

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U.S. stocks snapped a four-day losing streak on Friday, but the Dow Jones Industrial average still saw its biggest weekly pullback since the week ended March 10. For Friday’s session, the Dow gained 546.64 points, or 1.7%, at 33,674.38:

U.S. stocks snapped a four-day losing streak on Friday as a rebound in shares of beaten-down regional banks along with sharp gains in shares of Apple Inc. sent the main indexes sharply higher.

However, Friday’s gains weren’t enough to wipe out weekly losses for the S&P 500 SPX and Dow DJIA, which saw their biggest weekly pullback since the week ended March 10, falling 0.8% and 1.2%, respectively, according to preliminary closing data from FactSet. The Nasdaq Composite COMP eked out a marginal weekly gain of 0.1%. For Friday’s session, the S&P 500 gained 75 points, or 1.9%, to finish at 4,136.25, according to preliminary...

 

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