U.S. stocks ended sharply higher Friday, capping a volatile week that saw Big Tech shares hammered after a series of disappointing earnings reports while industrials and defensive stocks soared. The Dow Jones Industrial Average DJIA, +2.59% ended with a gain of around 828 points, or 2.6%, near 32,861, according to preliminary figures, leaving the blue-chip gauge with a weekly gain of 5.
7% and on track for a monthly advanced of 14.4%. That monthly rise would be the Dow's biggest since January 1976 and the largest October rise on record if it holds up through Monday's close. The S&P 500 SPX, +2.46% rose around 94 points, or 2.5%, to close near 3,901, for a weekly gain of 2.5%. And the tech-heavy Nasdaq Composite COMP, +2.87% bounced higher by around 310 points, or 2.9%, finishing near 11,102, swinging to a weekly gain of 2.2%.
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