Ticker: Wall Street cruises to best day since January

Stocks rallied to send Wall Street to its best day in six weeks.

The S&P 500 rose 1.6% Friday to cap its first winning week in the last four as relaxing yields in the bond market took some pressure off Wall Street. It’s found some stability following a swift rise and fall to start the year. The Dow Jones Industrial Average climbed 387 points, while the Nasdaq composite jumped more than other indexes.

Walgreens’ decision on abortion pills

Walgreens says it will not start selling an abortion pill in 20 states that had warned of legal consequences if it did that. The drugstore chain’s announcement Thursday signals that access to mifepristone may not expand as broadly as federal regulators intended in January. That’s when they finalized a rule change allowing more pharmacies to provide the pill, which is one of two used in medical abortions. Walgreens says it plans to dispense the pills where it can legally do so.

Ford to raise production

Ford says it will increase production of six models through the year as the company and the auto industry start to rebound from sluggish U.S. sales in 2022.

The automaker announced Friday that it plans to build more of the Mustang Mach-E, the Bronco Sport SUV and Maverick small pickup. Also slated for production increases are the F-150 Lightning electric pickup and the Transit and E-Transit gas and electric full-size vans.

U.S. auto sales have been depressed largely due to a shortage of computer chips that started during the coronavirus pandemic. But the chip shortage is starting to ease.