Wednesday, July 6, 2022

Stocks stage cautious rebound after a bruising week

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Wall Street got a brief reprieve Friday, with U.S. indexes opening higher, on track for some recovery but not enough to make up for the sweeping losses they endured this week in the face of soaring inflation.

The Dow Jones industrial average gained 200 points, or 0.65 percent at the open but remained on track for its ninth straight losing week. The S&P 500 popped 1 percent but remains at risk of tipping into a bear market, defined as coming down at least…

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