Wall Street wrapped up a rollercoaster week with a broad and sharp rally in the Friday session, lifted by upbeat earnings from Apple, Visa and others.
The Dow Industrials leaped 564 points today, the tech-heavy NASDAQ Composite surged 418, or 3.1%, and the S&P 500 jumped 105. All three indexes managed narrow gains for the full week.
Mixed fourth-quarter results out of Chevron this morning. The oil giant reported better-than-expected revenue of $48.13 billion … but adjusted per-share earnings of $2.56 were well shy of estimates. It said worldwide net oil-equivalent production fell about 5% year over year during the fourth quarter. Shares of Chevron slid 3.5% today.
U.S. oil prices edged higher. March crude rose 21 cents to settle at $86.82 a barrel. The contract gained about 2% for the week. That’s eight consecutive weekly advances for U.S. oil.





