FILE - The Wall St. street sign is framed by the American flags flying outside the New York Stock exchange, Friday, Jan. 14, 2022, in the Financial District. Stocks are off to a mixed start on Wall Street Friday, March 25, wrapping up a bumpy week with more uncertainty about where to go next. – Major U.S. indexes closed mostly higher Friday, and several of them notched weekly gains, despite a recent run of daily swings on Wall Street as traders try to figure out what's next for the economy.
The indexes alternated nearly every day this week between gains and losses. Investors are trying to suss out what’s next for inflation and the global economy as the repercussions ofThe benchmark S&P 500 posted a 1.8% gain for the week. That follows a 6.2% rise last week. The tech-heavy Nasdaq and Dow have also posted a weekly gain now the past two weeks.
The S&P 500 rose 22.90 points to 4,543.06. The Dow gained 153.30 points to 34,861.24, and the Nasdaq fell 22.54 points to 14,169.30.Banks and energy stocks accounted for a big share of the S&P 500's gains. The rise in bond yields helped lift banks, which rely on higher yields to charge more lucrative interest on loans. Bank of America rose 1.5%.
Oil prices have been volatile since Russia's war against Ukraine began in February. Russia is the second-biggest crude exporter. Energy prices were already high, but the conflict has raised concerns about a worsening supply crunch that could maker persistently rising inflation even worse.Friday to reduce the continent’s reliance on Russian energy in hopes of further isolating Moscow for its aggression.
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