Provided by
Dow Jones
By Karen Langley and Joe Wallace
U.S. stocks surged Friday, ending a wild week during which investors continued to rotate out of big technology shares and into the cyclical sectors that tend to thrive in a recovering economy.
The S&P 500 rose 0.8% for the week, as advances by the energy, financial and industrial sectors offset declines in the technology and consumer discretionary groups. The tech-heavy Nasdaq Composite, meanwhile, declined 2.1% -- its third consecutive week losing ground. The index is down 8.3% from its Feb. 12 high.
The Dow Jones Industrial Average, which is less oriented toward fast-growing technology stocks, advanced 1.8%.