Wall Street Ends Higher, Still Winds up With 3rd Weekly Loss
A choppy day on Wall Street ended with broad gains for stocks Friday, though most of the major indexes wound up with their third weekly loss in a row.
Mixed economic news weighed on stocks early on, but the indexes rebounded by late afternoon amid relatively light trading ahead of a long holiday weekend.
The S&P 500 reversed a 0.7 percent loss to close 0.6 percent higher. With one week left of trading in 2022, the benchmark index is down 19.3 percent for the year.
The Dow Jones Industrial Average rose 0.5 percent and the Nasdaq composite eked out a 0.2 percent gain. The S&P 500 and Nasdaq posted their third straight weekly loss….