Wall Street kicks off October with broad rally, boosted by economic cheer

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Reuters

By Stephen Culp NEW YORK (Reuters) – Wall Street stocks surged to a higher close on Friday, entering the final quarter of 2021 in a buying mood boosted by positive economic data, progress in the battle against COVID, and Washington developments on the potential passage of an infrastructure bill. All three major U.S. stock indexes seesawed earlier in the session, but began trending higher by late afternoon, led by economically sensitive cyclicals. The rally gained momentum after the White House announced U.S. President Joe Biden was getting more involved in negotiations over the infrastructure …

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