Market Snapshot: Stock market notches daily gain, but posts largest weekly drop since early 2016

U.S. stock-market indexes did an about-face in late-Friday action, booking sharp gains for the session, but recording the worst weekly losses in about two years, during one of the most frenetic stretches of trading on Wall Street.

Climbing bond yields and higher inflation have been partly to blame for igniting once-dormant volatility in the market, with investors already on edge over lofty equity valuations following a mostly relentless uptrend for assets perceived as risky.

What are the main benchmarks doing?

The Dow Jones Industrial Average DJIA, +1.38% finished the session up 330.44 points, or 1.4%, to 24,190.90, spanning more than 1,021 points as the blue-chip gains made powerful intraday swings in to and out of positive and negative territory.

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