Stocks Ended Higher, Posted Sizable Weekly Losses

U.S. stocks bounced back to close higher on Friday, but still posted hefty losses for the week. The Dow Jones industrial average rose 330.44 points, or 1.38%, to 24,190.90, for a weekly drop of 5.2%. The S&P 500 climbed 38.55 points, or 1.49%, to 2,619.55, down 5.2% for the week. The Nasdaq Composite advanced 97.33 points, or 1.44%, to 6,874.49, posted a weekly loss of 5.1%.

Oil futures fell for a sixth straight session on Friday, with the U.S. benchmark settling below $60 a barrel for the first time in 2018 to notch its biggest weekly loss in more than a year. March West Texas Intermediate crude dropped $1.95, or 3.2%, to settle at $59.20 a barrel. April Brent crude fell $2.02, or 3.1% to end at $62.79 a barrel.