U.S. Stocks Turn Higher; Dow, S&P 500 Up More Than 1%

U.S. stocks turned higher on Friday, as investors displayed a little risk appetite, thinking a new page in the calendar might push the market past the issues that drove it down earlier in the week.

The Dow Jones Industrial Average—which snapped a five-quarter winning streak Thursday—rose 1.5%. The S&P 500 rose 1.2% after the broad stocks index closed out its biggest monthly loss since March last year. The S&P had fallen 3.3% from Monday through Thursday, which would be its biggest decline since a 5.6% drop in late October 2020. The technology-focused Nasdaq Composite Index rose 0.7%.