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VOL. 46 | NO. 21 | Friday, May 27, 2022

Wall Street breaks 7-week losing streak, longest since 2001

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NEW YORK (AP) — Stocks rose on Wall Street Friday and closed higher for the week, breaking a seven-week losing streak, the longest such stretch since 2001.

The S&P 500 rose 2.5%, increasing its gain for the week to 6.6%. That's the biggest weekly gain for the benchmark index since November 2020.

Technology stocks were a big factor pushing the market higher. That sent the Nasdaq composite up 3.3%.

The Dow Jones Industrial Average rose 1.8%.

Retailers also made solid gains.

The yield on the 10-year Treasury note, which helps set mortgage rates, slipped to 2.74%.

U.S. crude oil prices rose.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0