Wall Street ends higher following 7 straight weeks of losses
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Summary
AP’s earlier story follows below.NEW YORK (AP) — Stocks rallied in afternoon trading on Wall Street Monday following seven weeks of declines that nearly ended the bull market that began in March 2020.The S&P 500 rose 1.8% as of 3:12 p.m. Eastern. A series of disappointing earnings reports from key retailers last week raised concerns that consumers are tempering spending on a wide range of goods as they get squeezed by rising inflation.Lingering concerns about inflation have been weighing on the market and have kept major indexes in a slump.
As said here by DAMIAN J. TROISE and ALEX VEIGA