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Wall Street rallies as growth stocks rebound; Twitter slides

May 13, 2022

Growth stocks led a rebound in Wall Street’s main indexes on Friday in a week marred by worries about the worsening outlook for economic growth, while Twitter sank after Elon Musk put his deal for the social media company on pause.

All the 11 major S&P sectors advanced, with energy, technology and consumer discretionary stocks climbing more than 3% each.

Growth stocks Microsoft Corp (NASDAQ:MSFT), Apple Inc (NASDAQ:AAPL), Google-owner Alphabet (NASDAQ:GOOGL) Inc, (NASDAQ:AMZN) and Nvidia (NASDAQ:NVDA) Corp gained between 3.2% and 9.4% after falling for most of the week.