Wall St ends first day of third quarter with relief rally

By Stephen Culp NEW YORK (Reuters) – Wall Street rallied to close higher on Friday in light trading, with investors heading into the long holiday weekend and embarking on the second half of year looking for the next market-moving catalyst. All three major U.S. stock indexes reversed early losses to end in positive territory in the wake of the stock market’s worst first half in decades. Still, all three indexes posted losses for the week. “We’re headed into the holiday weekend and having a late-day relief rally,” said Joseph Sroka, chief investment officer at NovaPoint in Atlanta. “But we’ll li…

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