Stock Market Rises as S&P 500, Nasdaq Add More Than 6% This Week

The S&P 500 raced higher Friday, notching its best week of the year and snapping a punishing losing streak that had almost ended its bull market.

A slew of earnings results and economic data has boosted optimism among investors in recent sessions, helping pull major indexes away from their lows of the year. A broad-based rally, with all 11 of the S&P 500’s groups rising, helped the index break a seven-week losing streak. All three major indexes jumped at least 6% this week, which hasn’t happened since November 2020.