U.S. Stocks End Two-Week Losing Streak as Industrials Rally
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U.S. stocks posted their first weekly advance since the end of March as bond yields rose amid gains in industrial and financial companies.
While the “Trump Trade” may not be the force it was in the months after the election, it showed some signs of life as the S&P 500 Index rallied 0.9 percent in its biggest weekly gain in two months. Eight of 11 industry groups climbed, with industrial stocks advancing 2 percent and financials gaining more than 1 percent. The Dow Jones Industrial Index increased 0.5 percent, weighed down by earnings-related declines in Goldman Sachs Group Inc. and IBM Corp.