Reported 5 months ago
U.S. stocks rebounded on Friday, with the S&P 500 gaining 0.7% and recovering from earlier losses to set a new record close. The Dow Jones Industrial Average also saw a slight increase, while the Nasdaq composite surged 1.1% to reach a new all-time high. Strong earnings reports from companies like Deckers Outdoor and Ross Stores contributed to the market's positive performance, despite concerns about inflation and interest rates. Additionally, a report showing improved consumer sentiment and lower inflation expectations helped alleviate some worries.
Source: YAHOO