Stocks
Wall Street Bounces Back, but Earnings Expectations Under Pressure
Wall Street rebounded on Friday as investors looked past rising Treasury yields. The S&P 500 gained 0.43% to 7,674.37, while the Nasdaq Composite rose 0.43% to 26,180.45.
The Dow Jones Industrial Average climbed 517.80 points, or 0.98%, to 53,277.01, supported by gains in healthcare stocks including Merck and Johnson & Johnson.
Financials also strengthened, with cryptocurrency-related stocks advancing as Bitcoin posted a 22% weekly gain. Robinhood jumped almost 14% and Coinbase added 8%, while materials gained 2%.