NEW YORK (AP) — Wall Street rallied Friday, but only after yo-yoing several times. The S&P 500 climbed 1.4% after seeing an even bigger rally from the morning disappear completely, only to recover at the end of trading. Stocks swung sharply through the day as Wall Street struggled with what to make of the latest reading on the U.S. jobs market and what it means for interest rates and the odds of a recession. Stocks in Asia rallied sharply on continued speculation that China may relax its strict anti-COVID measures, which could give the global economy a boost. The two-year Treasury yield eased.
Wall Street rallies, in fits and starts, after jobs report
