Wall Street managed to end a bumpy day broadly higher Friday but still finished with its worst week in nearly three months.
The S&P 500 rose 1.3% a day after dropping nearly 6% in its biggest rout since mid-March. It lost 4.8% for the week, snapping a three-week winning streak for the benchmark index. Small-company stocks and bond yields rose, meaning investors were a bit more willing to take on risk again a day after the sell-off.
The volatility this week interrupted what had been a dramatic rally for the market. After surging Monday, stocks sold off for three straight days as a rise in COVID-19 cases in the U.S. and a discouraging economic outlook from the Federal Reserve dashed investors' optimism that the economy will recover relatively quickly as states lift stay-at-home orders and businesses reopen.
