*WALL STREET SCORES FIRST WEEKLY GAIN SINCE MID-AUGUST AS BULLS FIGHT BACK - 🇺🇸🇺🇸
© Reuters. Traders work on the floor of the New York Stock Exchange in New York City, U.S., September 7, 2022. REUTERS/Brendan McDermid - U.S. stocks rallied on Friday, with the major indexes recording their first weekly gain in four weeks as investors went on a buying spree, shrugging off concerns about the economic outlook.
"It's not surprising we get a little bit of a bounce like we're getting here, as a lot of this is technical," said Jack Janasiewicz, lead portfolio strategist and portfolio manager at Natixis Investment Managers Solutions. All 11 major S&P sectors traded higher on Friday, with communication services, technology, energy and consumer discretionary leading the way.
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