NEW YORK: Wall Street stocks finished a strong week in positive fashion Friday , shaking off early weakness and pushing higher amid a turnaround in banking shares.
But markets reversed course in the middle of the session, a sign"the weakness was seen as a buying opportunity", said Briefing.com analyst Patrick O'Hare, who noted the bank forecasts did not imply a deep downturn. The broad-based S&P 500 finished at 3,999.09, up 0.4 per cent for the day and gaining 2.7 per cent for the week.
The reversal also coincided with a surprisingly strong consumer sentiment report from the University of Michigan, said Art Hogan, an analyst at B. Riley Financial.