NEW YORK (AP) — More swings hit Wall Street, except it finished higher this time. After bobbing up and down Friday morning, the S&P 500 took off and rallied nearly 2% before finishing with a gain of 1%. The Dow Jones Industrial Average climbed 1.1%, and the Nasdaq composite rose 0.9%. It’s a fitting finish for a week that left the S&P 500 just a bit below its record but also forced investors to stomach the sharpest hourly swings since a sell-off in April. Stocks got a boost after a Federal Reserve official suggested he may support cutting interest rates again in December.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

NEW YORK (AP) — More swings are rocking Wall Street on Friday, except the U.S. stock market is jumping this time.

The S&P 500 took off and rallied 1.5%,

See Full Page