Wall Street Closes Higher but Still Ends Week in the Red

Traders work on the floor at the New York Stock Exchange in New York on July 1, 2022. Seth Wenig/AP Photo

Stocks on Wall Street shook off a downbeat start and ended broadly higher Friday, though the rebound was not enough to erase their losses for the week.

The S&P 500 rose 1.1 percent after having been down 0.9 percent in the early going. The gain snapped a four-day losing streak for the benchmark index, which still posted its fourth losing week in the last five.