U.S. stocks rose Friday and posted their first weekly gain in a month, offering a reprieve to a market that had been weighed down by fears of tightening monetary policy.
Stocks began the week lower but then made up ground over the following days, with shares of banks, manufacturers and consumer-discretionary companies helping lead the charge. Analysts said at least some of the recovery seemed to be fueled by investors looking for bargains after three consecutive weekly losses that had wiped out much of the market’s summer rally.
