NEW YORK (AP) — Wall Street tacked more onto its stupendous surge from a day before, leaving the market with its biggest weekly gain since the summer. The S&P 500 rose 0.9% Friday, and the Nasdaq rose twice as much. Markets got a boost after China relaxed some of its anti-COVID measures, while a report suggested U.S. inflation expectations ticked modestly higher. Stocks soared this week on hopes the worst of inflation may have passed and that the Federal Reserve can be less aggressive about raising interest rates, though some analysts called the rally overdone. Crypto sank after a major exchange filed for bankruptcy.
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