Technology companies helped lift stocks Thursday, ending a five-day losing streak for the S&P 500, though the major indexes remain on pace for a weekly loss.
The S&P 500 rose 0.8%, while the tech-heavy Nasdaq composite closed 1.1% higher. The Dow Jones Industrial Average added 0.5%.
Major indexes are all in the red for the week and have been swinging between big monthly gains and losses throughout the year. Investors’ worries about inflation, rising interest rates and recession risks have made for a volatile market. That has also left Wall Street focused on data points on the economy, especially those regarding inflation.
“We’ll continue to see outsized moves in the markets over the coming months,” said Jeff Kleintop, chief global investment strategist at Charles Schwab. “We’re going to be feeling our way through and there’s going to be a lot of volatility.”
The S&P 500 rose 29.59…
