SES:CC - Indexes Finally Break 3-Week Slump With Giant Gains
U.S. stocks rallied Friday as Wall Street capped off a strong weekly performance, recovering from a Federal Reserve-induced slump.
The Dow Jones Industrials sprang 377.19 points, or 1.2%, to conclude a short week at 32,151.71
The S&P 500 hiked 61.23 points, or 1.5%, to 4,067.41.
The NASDAQ Composite flew 250.18 points, or 2.1%, to 12,112.31
Shares of DocuSign surged more than 10% after the electronic agreements company reported an earnings beat. The company also issued a third-quarter revenue forecast that was above expectations.
All three major averages are on pace to snap a three-week losing streak. The Dow is up 2.8% on the week, while the S&500 is up 3.8% and the NASDAQ is 4.2% higher.
Treasury prices faded, raising yields to Thursday's 3.32%. Treasury prices and yields move in opposite direction.
Oil prices gained $2.73 to $86.27 U.S. a barrel.
Gold prices recovered $6.60 to $1,726.80 U.S. an ounce.