Wall Street closed its dreary February on a brighter note, as U.S. stock indexes rallied.
The S&P 500 jumped 1.6 percent Friday to trim its loss for the month, enough to make it the worst since only December instead of since April. The Dow Jones Industrial Average climbed 1.4 percent, and the Nasdaq composite added 1.6 percent.
Nvidia jumped to recover a chunk of its steep loss from Thursday, which helped lift the market. Treasury yields sank after a report said that inflation decelerated a bit last month but also that U.S. consumers also cut back on their spending. Asian stock indexes tumbled amid worries about tariffs.
On Friday:
The S&P 500 rose 92.93 points, or 1.6 percent, to 5,954.50.
The Dow Jones Industrial Average rose 601.41 points, or 1.4 percent, to 43,840.91.
The Nasdaq composite rose 302.86 points, or 1.6 percent, to 18,847.28.
The Russell 2000 index of smaller companies rose 23.41 points, or 1.1 percent, to 2,163.07.
For the week:
The S&P 500 is down 58.63 points, or 1 percent.
The Dow is up 412.89 points, or 1 percent.
The Nasdaq is down 676.73 points, or 3.5 percent.
The Russell 2000 is down 32.28 points, or 1.5 percent.
For the year:
The S&P 500 is up 72.87 points, or 1.2 percent.
The Dow is up 1,296.69 points, or 3 percent.
The Nasdaq is down 463.51 points, or 2.4 percent.
The Russell 2000 is down 67.09 points, or 3 percent.
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