How major US stock indexes fared Friday 5/5/2023

Apple led a Wall Street rally after the stock market's worst day in eight months.

Apple led a Wall Street rally after it reported a higher profit than expected.

The stocks of battered-down banks rose as well, recovering a tiny amount of the losses they suffered during a tough week. S&P 500 rose by 1.8%. The Dow Jones Industrial Average climbed nearly 550 points, and the Nasdaq Composite tacked on a 2.2%.

Bond yields on the Treasury market soared after a report revealed that hiring in all sectors of the economy accelerated much faster than expected. The government's job report showed that workers received larger pay increases than expected.

On Friday

The S&P500 rose 75.03 or 1.8% to 4,136.25.

The Dow Jones Industrial Average increased 546.64 or 1.7% to 33,674.38.

The Nasdaq Composite rose by 269.01 points or 2.2%, to 12,235.41.

Russell 2000, an index of smaller firms, rose by 41.07 points or 2.4% to 1,759.88.

This week's theme:

The S&P500 is down by 33.23 points or 0.8%.

The Dow Jones is down by 423.78 or 1.2%.

The Nasdaq has gained 8.83 points or 0.1%.

The Russell 2000 index is down by 9.11 points or 0.5%.

The year:

The S&P500 is up by 296.75 or 7.7%.

The Dow has gained 527.13 or 1.6%.

The Nasdaq has gained 1,768.93 or 16.9%.

Russell 2000 down 0.1% or 1.37 points.