Wall Street rallies to its best day in months, but that’s not enough to salvage its losing week


Source: baytoday.ca baytoday.ca

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NEW YORK (AP) — U.S. stocks rallied to their best day since the election, but not by enough to keep Wall Street from a fourth straight losing week. The S&P 500 rose 2.1% Friday, a day after closing more than 10% below its record for its first “correction” since 2023. The Dow Jones Industrial Average jumped 1.7%, and the Nasdaq composite climbed 2.6%. Ulta Beauty helped lead the market after the beauty products retailer reported stronger profit for its latest quarter than analysts expected. Worries have been rising that U.S. consumers may cut back on their spending because of uncertainty...