Wall Street rallies, capping frenetic week with best day of the year

Apple jumps after record holiday-quarter sales, Visa surges on increased travel, e-commerce spending; Caterpillar falls after flagging margin pressure

Wall Street surged on Friday, notching its best day so far in 2022 after another zigzag session, ending a tumultuous week marked by mixed corporate earnings, geopolitical turmoil and an increasingly aggressive Federal Reserve.

All three major U.S. stock indexes began the day in the red, but turned increasingly green as the session progressed, with tech shares doing the heaviest lifting.

The S&P 500 and the Dow posted gains from last Friday's close, but the Nasdaq was essentially flat on the week, capping five days of topsy-turvy trading.

Still, the bar for "best daily gains of the year" was rather