S&P 500 sees best day since 2020 | Apple's stock rallies | Major averages close out wild week

U.S. stocks ended a wild week on a higher note with all three major averages rallying into the close Friday.

VIEW IN BROWSER | SUBSCRIBE FRI, JAN 28, 2022 EVENING BRIEF AS OF FRI, JAN 28, 2022 • 05:04 ET DJIA 34725.47 +1.65% +564.69 S&P 500 4431.85 +2.43% +105.34 NASDAQ 13770.57 +3.13% +417.79   Most Active DOW NAME LAST CHG %CHG AAPL 170.33 +11.11 +6.98% INTC 47.73 -0.32 -0.67% MSFT 308.26 +8.42 +2.81% S&P 500 NAME LAST CHG %CHG AAPL 170.33 +11.11 +6.98% AMD 105.24 +2.64 +2.57% F 19.54 +0.09 +0.46% NASDAQ NAME LAST CHG %CHG AAPL 170.33 +11.11 +6.98% AMD 105.24 +2.64 +2.57% LCID 27.15 -1.55 -5.40%   EDITOR'S NOTE U.S. stocks ended a wild week on a higher note with all three major averages rallying into the close Friday.   The S&P 500 posted its best session since June 2020, while the Dow Jones Industrial Average notched its best day since Dec. 6. The two indexes each snapped a three-week losing streak. The Nasdaq Composite closed more than 3% higher and finished the week little changed.   Stocks have seen big swings each day this week as investors brace for the Federal Reserve to tighten monetary policy.   The roller-coaster action in equity markets "is going to continue for quite a while, probably at least the next six weeks until we get to that March Fed meeting," said Victoria Fernandez, Crossmark Global Investments chief market strategist. "There's a reason we've seen all this volatility today … but I'm glad to see that we're kind of ending on the upside here," Fernandez added. "I think it has to do with some of the strong earnings that we had, especially Apple."   Apple boosted the major stock averages, jumping nearly 7% on Friday after a banner quarterly report. Its Big Tech peers followed suit, with Microsoft, Amazon and Google-parent Alphabet also rebounding Friday after struggling earlier in the week. Hannah Miao | CNBC Associate Markets Reporter @HannahMiao_ Watch our live stream for all you need to know to invest smarter. TOP NEWS  Dow gains more than 500 points in best day of 2022 to wrap up wild week Key Fed inflation gauge rises 4.9% from a year ago, fastest gain since 1983 Airlines cancel hundreds of flights ahead of winter storm The value of Warren Buffett's Apple investment just went up by $9.8 billion in less than a day These stock 'babies' have been thrown out with the 'bathwater' and could be buys in the correction Robinhood shares rally more than 9% Friday after falling 14% in earlier trading Jan. 6 riot probe subpoenas 14 people linked to false Trump electoral vote scheme You can credit Tim Cook's supply chain mastery for that boost in Apple shares Home remodeling could finally cool, bringing these stocks back to earth Cramer says market needs a 'total give up' to find a bottom and signal an all-clear to buyers   TOP VIDEO I don't think we've bottomed out yet, says Veritas' Greg Branch   CNBC PRO Big investors bought up bitcoin as hoped and in the process ruined its usefulness as a hedge   SPECIAL REPORTS Should student loans be forgiven? What it would mean for borrowers Rihanna's foundation donated $15 million to climate justice groups – and Jack Dorsey joined in, too   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS