Wall Street ends whipsaw week sharply higher as Fed comments soothe market

All 11 major sectors in the S&P 500 were last in positive territory, with materials and technology enjoying the largest percentage gains. The S&P 500 posted one new 52-week high and 5 new lows while the Nasdaq Composite recorded 21 new highs and 147 new lows. Wall Street posted solid gains on Friday as big banks kicked off first-quarter earnings season and investors closed the book on a turbulent week of wild swings driven by the chaos of U.S. President Donald Trump’s multi-front trade war.

All three major U.S. indexes ended the session sharply higher after assurances from Boston Federal Reserve President Susan Collins that the Fed is prepared to keep financial markets functioning should the need arise.

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