Wall Street rallies for best week since June on rate hopes
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November 11, 2022
NEW YORK (AP) — Wall Street piled more gains Friday onto its mammoth rally from a day earlier to close out its best week since the summer.
The S&P 500 rose 0.9% a day after soaring 5.5% for its best day in more than two years. The Dow Jones Industrial Average added 32 points to its surge of more than 1,200 from a day earlier, while the Nasdaq composite jumped 1.9%.
Markets got a boost after China relaxed some of its strict anti-COVID measures, which have been hurting the world's second-largest economy. Hopes for more growth from China helped not only stocks but also oil prices to rise, with U....
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