Wall Street Stocks advanced on Friday, as equities try to regain after closing out volatile September in the red zone.
The Dow rose and did better than compared to the other two major indexes, as shares of Merck jumped over positive data on its COVID-19 antiviral pill.
Friday’s moves come following a losing month for U.S. stocks under several concerns about the monetary and fiscal policy backdrop compounded with ongoing jitters over the coronavirus and inflation.
The S&P 500 ended a seven-month winning streak in September, with about 4.8% monthly decline. The Dow ended September lower by 4.4%. The Nasdaq underperformed by 5.4% amid a broad rotation away from growth and technology stocks as expectations for inflation and higher rates took holding.
Tags covid dow Nasdaq US shares volatility Wall Street
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