The S&P 500 rose 5.7% through Friday’s close from a week earlier, with three-quarters of component stocks showing gains. But investors were still flocking to gold with continuous front-month contracts for the metal on the New York Mercantile Exchange up 7.

Wall Street stocks ended another tumultuous week with a brisk late rally as a top Federal Reserve official said the US central bank was prepared to intervene if strains in markets grew, and traders remained fixated on tariffs.

Key Takeaways More than half of Wall Street's major stock market forecasters have slashed their outlook for the S&P 500 in recent weeks amid turmoil sparked by President Trump's tariffs.Confusion and uncertainty about the economic outlook have caused the gap between the Street's highest and lowest year-end S&P 500 forecasts to widen significantly.