Late rally not enough to save Wall Street from a fourth straight week of losing, the worst streak since an obscure Japanese trade sparked a global market meltdown

NEW YORK (AP) — U.S. stocks are bouncing back Friday, but not by enough to keep Wall Street from heading toward a fourth straight losing week, which would be its longest such streak since August.

The S&P 500 was 1% higher in morning trading, a day after closing more than 10% below its record for its first “ correction ” since 2023. The Dow Jones Industrial Average was up 241 points, or 0.6%, as of 10:20 a.m. Eastern time, and the Nasdaq composite was 1.3% higher.

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