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.
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Stocks making the biggest moves midday: L Brands, Estee Lauder, CureVac, Tesla & more This is a developing news story. Please check back for updates: https://www.cnbc.com/2020/08/20/stocks-making-the-biggest-moves-midday-l-brands-estee-lauder-curevac-tesla-more.html Follow @CNBCnow for breaking news and real-time market updates Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy CNBC Events © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 D
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