Stock Market Today: Stocks Snap Skid But Suffer Weekly Loss

The market enjoyed widespread gains Friday, with everything from growthy tech to defensive utilities enjoying in the rally.

Humorous concept art of a businessman sitting on a rebounding stock price arrow
(Image credit: Getty Images)

The major indexes finished solidly in the green Friday, but those gains weren't enough to prevent the stock benchmarks from ending in the red on a weekly basis.

Today's broad-based advance was led primarily by the technology (+1.3%) and utilities (+1.2%) sectors; even the energy sector stabilized, rising 0.2% despite a 2.2% decline in U.S. crude oil futures to $62.32 per barrel. Friday's action marked the seventh straight down session for crude, bringing its weekly loss to roughly 9%.

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Disclaimer

Kyle Woodley was long NVDA as of this writing.

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Karee Venema
Senior Investing Editor, Kiplinger.com

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.