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Wall Street rallies to its best day in months, but that’s not enough to salvage its losing week

A pair of traders work on the floor of the New York Stock Exchange, Wednesday, March 12, 2025. Associated Press

NEW YORK — U.S. stocks rallied to their best day in months on Friday as Wall Street’s roller coaster suddenly shot back upward. That still wasn’t enough to keep the U.S. market from a fourth straight losing week, its longest such streak since August.

The S&P 500 jumped 2.1% a day after closing more than 10% below its record for its first “correction” since 2023. The last time the index shot up that much was the day after President Donald Trump’s election, when Wall Street was focusing on the upsides of Trump's return to the White House.

The Dow Jones Industrial Average climbed 674 points, or 1.7%, and the Nasdaq composite jumped 2.6%.

A multi-day “relief rally could be coming” after so much negativity built among investors, said Yung-Yu Ma, chief investment officer at BMO Wealth Management. Swings in sentiment don’t go full-tilt in just one direction forever, and the U.S. stock market has been tumbling quickly since setting a record less than a month ago.

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