Wall Street climbs, on track to break 7-week losing streak

NEW YORK (AP) — Stocks rose in afternoon trading on Wall Street Friday, keeping the market on track for its first weekly gain after seven weeks of losses.

The S&P 500 rose 1.8%, and is headed for a 5.9% gain for the week.

Technology stocks were again helping to push the market higher. That sent the Nasdaq composite up 2.5%.

The Dow Jones Industrial Average was up 1.1%. Retailers also made solid gains.

European markets were higher and Asian markets closed higher overnight.

The yield on the 10-year Treasury, which helps set mortgage rates, held at 2.75%. U.S. crude oil prices were relatively steady.

Categories: National News