AP

How major US stock indexes fared Friday 6/24/2022

Jun 24, 2022, 1:24 AM | Updated: 1:49 pm

Wall Street rallied on Friday, lifting the S&P 500 3.1% for its best gain in two years. The benchmark index also ended the week 6.4% higher, erasing the brutal loss it took a week earlier.

It was just the second winning week for the S&P 500 in the last 12.

Stocks climbed this week as pressure from rising Treasury yields let up somewhat and investors speculated the Federal Reserve may not have to be as aggressive about raising interest rates as earlier thought to control inflation.

It’s been a reprieve from Wall Street’s tumble through most of the year.

On Friday:

The S&P 500 rose 116.01 points, or 3.1%, to 3,911.74.

The Dow Jones Industrial Average rose 823.32 points, or 2.7%, to 31,500.68.

The Nasdaq rose 375.43 points, or 3.3%, to 11,607.62.

The Russell 2000 index of smaller companies rose 54.06 points, or 3.2%, to 1,765.74.

For the week:

The S&P 500 is up 236.90 points, or 6.4%.

The Dow is up 1,611.90 points, or 5.4%.

The Nasdaq is up 809.27 points, or 7.5%.

The Russell 2000 is up 100.04 points, or 6%.

For the year:

The S&P 500 is down 854.44 points, or 17.9%.

The Dow is down 4,837.62 points, or 13.3%.

The Nasdaq is down 4,037.35 points, or 25.8%.

The Russell 2000 is down 479.58 points, or 21.4%.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

moore redmond washington...

Associated Press

U.S. Supreme Court rules against Redmond couple challenging foreign income tax

The court ruled in the case of Charles and Kathleen Moore, of Redmond, Washington after they previously challenged a $15,000 tax bill.

2 hours ago

Image:The New York Giants' Willie Mays poses for a photo during baseball spring training in 1972. M...

Associated Press

Willie Mays, Giants’ electrifying ‘Say Hey Kid,’ dies at 93

Willie Mays, whose singular combination of talent, drive and exuberance made him one of baseball’s greatest players, has died. He was 93.

2 days ago

Image: This photo provided by the Washington Department of Ecology shows a derailed BNSF train on t...

Associated Press

Judge orders BNSF to pay Washington tribe nearly $400M for trespassing with oil trains

BNSF Railway must pay the sum to a Native American tribe in Washington after it ran 100-car trains with crude oil on the tribe's reservation.

3 days ago

Photo: In this photo provided by Tieanna Joseph Cade, an amusement park ride is shown stuck with 30...

Associated Press

Crews rescue 28 people trapped upside down high on Oregon amusement park ride

Emergency crews in Oregon rescued 28 people after they were stuck dangling upside down high on a ride at a century-old amusement park.

3 days ago

juneteenth shooting texas...

Associated Press

2 killed and 6 wounded in shooting during a Juneteenth celebration in a Texas park

A shooting in a Texas park left two people dead and six wounded, including two children, on Saturday, authorities said.

4 days ago

Photo: Israeli soldiers drive a tank near the Israeli-Gaza border, in southern Israel, Wednesday, J...

Jack Jeffery, The Associated Press

8 Israeli soldiers killed in southern Gaza in deadliest attack on Israeli forces in months

An explosion in Gaza killed eight Israeli soldiers, the military said Saturday, making it the deadliest attack on Israeli forces in months.

5 days ago

How major US stock indexes fared Friday 6/24/2022