Reported 5 months ago
U.S. stocks rebounded on Friday, with the Nasdaq reaching a fifth consecutive week of gains and record closing high, following positive consumer outlook news on inflation and economic data showing improvement in late May. The Dow Jones Industrial Average rose slightly, while the S&P 500 and Nasdaq Composite saw gains. Despite the Friday rebound, the Dow ended the week down 2.34%, the S&P edged up 0.03%, and the Nasdaq gained 1.41%. Small-cap stocks and various sectors like communication services and tech also rebounded, with notable movements in individual stocks like Workday and Ross Stores. Despite Thursday's decline, market sentiment remained cautious amid concerns about rising price pressures and potential rate cuts by the Federal Reserve.
Source: YAHOO