Wall Street’s main indices rose sharply on Friday for a broad rally, as signs of slowing economic growth and the recent pullback in commodity prices tempered expectations about the Federal Reserve’s rate hike plans. .
On the day, the S&P 500 gained 116.98 points3.08%, to 3,912.71 units, while the Nasdaq advanced 380.21 points3.38%, to 11,612.40 integers.
The Industry Average Dow Jones rose 839.93 points2.70%, to 31,505.59 units.
According to that data, the S&P 500 gained 6.5% for the week, the Dow Jones added 5.4% and the Nasdaq soared 7.5%.
Financial markets have been rattled by concerns that the Fed’s rapid rate hikes to curb the highest inflation in 40 years could spark a recession.