Wall St rises as cyclical stocks rebound after selloff; Dow rises 300 pts

Didi takes a breather after four-day losing streak; General Motors gains as Wedbush starts with 'outperform'

US stock indexes rose on Friday as shares of companies that benefit from economic restart including energy firms and banks rebounded after a selloff, helping erase some losses triggered by growth worries earlier in the week.

Ten of the 11 major S&P 500 sector indexes were higher, with a 1.6% rise in financials leading gains. Other economy-sensitive sectors such as industrials and materials also rose about 1.5% each.

The S&P 500 banks index jumped 2.1% as the benchmark 10-year Treasury yield snapped an eight-day losing streak.

Energy stocks advanced 1.0% but were still set to log a weekly decline of 5%.

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