LIVE MARKETS-Wild week wraps up a winner

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WILD WEEK WRAPS UP A WINNER

Wall Street's main indexes gyrated on Friday before ending higher after China increased its tariffs on U.S. imports to 125%, escalating a trade war that has hit global markets recently, while results from big Wall Street banks set the earnings season rolling.

In any event, it was one wild week.

Of note, the S&P 500 index's .SPX weekly high-to-low range as a percentage of the prior week's close was 12.7%. That's the biggest such reading since a 19.3% print the week the SPX ended its pandemic panic -34% bear market on a closing basis, in late March 2020.

Indeed, at one point on Monday, the index collapsed nearly 5% to its lowest level since January 2024, putting it down as much as 21.3% from its February 19 record closing high. However, it then bounced.

By Wednesday's intraday high, the benchmark index had surged more than 13% off Monday's intraday low. After another downdraft on Thursday, Friday's strength saw the index finish at 5,363.36.

Thus, when the smoke cleared, the benchmark index advanced 5.7% for the week, which was its biggest one week percentage gain since a 5.9% jump in the week ending November 3, 2023. Back then, the SPX had ended a 10.3% correction on a closing basis, the prior week.

The S&P 500 finished Friday down 12.7% from its record close.

Here is a snapshot of where markets stood just shortly after 4 p.m. EDT:

(Terence Gabriel)

FOR FRIDAY'S EARLIER LIVE MARKETS POSTS:

INDIVIDUAL INVESTOR BEARS DIP, BUT STILL 'UNUSUALLY HIGH' - AAII - CLICK HERE

TIME TO 'DEFEND' YOUR PORTFOLIO WITH DEFENSIVE STOCKS - CLICK HERE

PPI: INFLATION IS COOLING, UMICH: DON'T GET USED TO IT - CLICK HERE

WALL STREET GYRATES LOWER IN VOLATILE TRADE - CLICK HERE

NASDAQ COMPOSITE: RIPE TO WRESTLE ITS WAY BACK UP? - CLICK HERE

EVERYTHING EVERYWHERE BUT NOT QUITE AT ONCE - CLICK HERE

FLOORS AND CEILINGS - CLICK HERE

STOXX 600 TURNS LOWER, CHINA RETALIATES AGAIN - CLICK HERE

EUROPE BEFORE THE BELL: FUTURES UP TO END HECTIC WEEK - CLICK HERE

BACK TO WHITE-KNUCKLE RIDE IN THE MARKETS - CLICK HERE