Stocks Gain to Start the Fourth Quarter

 Stocks Gain to Start the Fourth Quarter

U.S. stocks rose in early trading Friday, putting major indexes on course for gains at the end of a choppy week on Wall Street.

The S&P 500 ticked up 0.4% after the broad stocks index closed out its biggest monthly loss since March last year. The S&P through Thursday had fallen 3.3% so far this week, which would be its biggest decline since a 5.6% drop in late October 2020.

The technology-focused Nasdaq Composite Index also edged up 0.4%. The Dow Jones Industrial Average—which snapped a five-quarter winning streak Thursday—rose 0.6%.

Overseas markets retreated. The Stoxx Europe 600 dropped 0.8%, led lower by shares of banks, oil-and-gas companies and basic-resources producers.

In Asia, Japan’s Nikkei 225 lost 2.3% and South Korea’s Kospi fell 1.6%. Markets in Hong Kong and mainland China were closed for a holiday.

Read full article…