S&P 500, Nasdaq bounce back to close strongest week of 2024: Continued coverage
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In a dramatic turnaround, the S&P 500 and Nasdaq Composite rose on Friday, capping what is being hailed as the strongest week of the year for these indices. The surge is part of a broader stock market recovery fueled by upbeat investor sentiment and positive economic indicators.
Friday's performance was particularly notable as it reversed earlier losses, demonstrating the market's resilience and dynamic nature. Analysts attribute the rebound to a series of encouraging earnings reports and a stabilizing economic environment that has begun to restore confidence among investors.
Over the course of the week, both indices showed significant gains, with technology stocks leading the rally. This sector has been a major driver of market performance, responding positiv...