U.S. stocks rose Friday in a bounce back from Wall Street’s worst day since April. The Standard & Poor's 500 advanced 36.88 points, or 0.7%, to 5,304.72 and won back all its losses from the prior two days. It eked out a tiny gain for the week, enough to extend its weekly winning streak to five, and is sitting just below its record set on Tuesday. The Dow Jones industrial average rose 4.33 points, or less than 0.1%, to 39,069.59, and the Nasdaq composite gained 184.76 points, or 1.
Worries about stubbornly high inflation were behind this week’s rocky trading, after indexes set records recently. The weakness began after the Federal Reserve on Wednesday released the minutes from its last policy meeting. It showed some officials talking about the possibility of raising rates if inflation worsens. Stocks fell further after reports on Thursday indicated the U.S. economy is stronger than expected.
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