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Stocks swing back to gains, Dow up 330

JUSTIN LANE/EPA-EFE/REX/Shutterstock

A trader worked on the floor of the New York Stock Exchange at the Opening Bell in New York.

AP 

NEW YORK (AP) — Stocks staged a late rally Friday, ending a wild week marked by dramatic point swings on a positive note.

The Dow Jones industrial average gained 330 points, or 1.4 percent, to 24,190. Earlier in the day it had dropped by 500. The S&P 500 gained 38 points.

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Still, both the Dow and S&P 500 lost more than 5 percent for the week. Both indexes had their worst week since January 2016. The Dow recorded 1,000-point drops on Monday and Thursday.

The Standard & Poor’s 500 index rose 1.5 percent, to close at 2,619. The Nasdaq rose 97 points, or 1.4 percent, to 6,874.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.85 percent.