NEW YORK – The three major U.S. stock indexes rallied to record closing highs on Friday as financials and other economically focused sectors rebounded from a selloff sparked by growth worries earlier in the week.
The rally allowed the indexes to notch slight gains for the week, which also saw a sharp rally in U.S. Treasuries as investors worried the U.S. economic recovery might be losing steam as the Delta variant of the coronavirus spread globally.
U.S. 10-year Treasury notes fell on Friday, halting an eight-day price rise, while the S&P 500 financials sector jumped 2.9% in the sector’s biggest daily percentage gain since March 1.
Financials led sect…
Keep on reading: Wall Street posts record closing highs as financials lead rebound