NEW YORK – Wall Street closed higher in a broad rally, an upbeat conclusion to whipsaw week of buying and selling as signs of a rebounding economy squared off against mounting inflation jitters.
All three major U.S. indexes extended Thursday’s gains, which saw S&P 500 notch its biggest one-day percentage bump in over a month.
“Today ‘everything is going up day’ because everyone is buying,” said Chuck Carlson, senior vice president at Wealthspire Advisors, in New York. “It’s a ‘buy everything’ day.”
Still, the indexes suffered their biggest weekly declines since late February.
“This week, given the big swings, is more evident of a trader’s environme…
Keep on reading: Wall Street ends volatile week sharply higher