Wall Street capped a choppy week of trading with a broad stock market rally Friday, as the S&P 500 notched its fourth consecutive weekly gain.
The benchmark index closed 1.7 percent higher, for a 3.3 percent weekly gain. The S&P 500 hadn’t posted such a good stretch since November.
The Dow Jones Industrial Average rose 1.3 percent, while the Nasdaq and Russell 2000 index of smaller companies both closed 2.1percent higher. Each index also posted a solid weekly gain.
Technology stocks drove much the rally. Crude oil prices fell and bond yields were mixed.
Trading was choppy much of the week, but major indexes got a big bump on Wednesday after a report showed that inflation cooled more than expected last month. Another report on Thursday showed inflation at the wholesale level also slowed more than expected….