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Wall Street rises as growth stocks gain after two days of selloff

Energy was the top performer, up 2.2%, followed by healthcare and technology sectors

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US (Photo: Reuters)
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US (Photo: Reuters)

Reuters
U.S. stock indexes rose on Friday led by megacap growth and healthcare shares at the end of a volatile week, roiled by concerns over the impact of rising inflation on earnings and the fallout of rate hikes on economic growth.

Nine of the 11 major S&P sectors advanced in morning trade.

Energy was the top performer, up 2.2%, followed by healthcare and technology sectors.

Microsoft Corp, Amazon.com and Apple Inc, rose between 1.5% and 1.8%, providing the biggest boost to the S&P 500 and the Nasdaq.

"Some traders are taking advantage of the price weakness, at least in the short term, to make

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First Published: May 20 2022 | 9:06 PM IST

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