The S&P 500 increased 0.7% on Friday, closing a strong week as investors seemed adjusted the weak data of consumer’s feeling and persistent inflation.
The index published in 5% gain for the week, is better since November 2023, since the technological actions and commercial tensions of Asing fed optimism.
The Nasdaq compound added 0.5% and the Dow Jones industrial average rose 331 points, or 0.7%. For the week, Nasdaq jumped more than 6%, while Dow won 3%.
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The markets recovered earlier this week after US and Chinese officials agreed to a 90 -day pause on new tariffs, relieveing fears of increasing commercial friction. The technological actions led the position, with NVIDIA rising more than 15%, goal 7%, and Apple and Microsoft each of the notable gains records.
But Friday’s rally lost momentum after the index of consumption feelings of the University of Michigan fell to a lower 50.8 and lower reading. Inflation expectations for next year increased to 7.8%, the highest since 1981.
Even so, some analysts minimized fears internships. “The markets are reproducing the risk of the interns at this time,” said Jamie Cox of Harris Financial Group, noting that consumer spending is still strong despite inflation conerns.
President Donald Trump added uncertainty by pointing out that his administration would soon send letters to countries that detail new tariff rates, replacing some negotiations due to the limited bandwidth.
Despite the mixed signals, Wall Street ended the week with a high note, with the S&P 500 registering a five -day winning streak and recovering its annual losses. Investors now resort to the next commercial movements and inflation data for the next catalyst.
