Stocks ended mostly higher on Wall Street, closing out the market’s latest winning month.
The S&P 500 shook off a midday slump and ended 0.8% higher Friday. Drops for Nvidia and other technology stocks held back the Nasdaq composite, leaving that index just barely in the red. The Dow Jones Industrial Average climbed 1.5%.
Treasury yields eased in the bond market after a key measure of inflation remained steady last month. That could help bolster the Federal Reserve’s confidence that inflation is sustainably heading down toward its target, something the central bank says it needs before cutting its benchmark interest rate.
On Friday:
The S&P 500 rose 42.03 points, or 0.8%, to 5,277.51.
The Dow Jones Industrial Average rose 574.84 points, or 1.5%, to 38,686.32.
The Nasdaq composite fell 2.06 points, or less than 0.1%, to 16,735.02.
The Russell 2000 index of smaller companies rose 13.53 points, or 0.7%, to 2,070.13.
How Hunter Biden has come to face jurors on federal gun charges
New Godzilla x Kong film tops Chinese box office
Fish farm develops into tourist hotspot in exploration of modern aquaculture
US dampens criticism of El Salvador's president as migration overtakes democracy concerns
Orioles put outfielder Austin Hays on injured list and cut Peyton Burdick
Horrifying moment car rams into ultra
China celebrates 30 years of internet access, boasting over 1 billion users
Give free passports to Britain's heroes: On the eve of D
Hybrid rice market expands in Asia
Give free passports to Britain's heroes: On the eve of D
Stalker bodybuilder, 32, is branded a monster by his girlfriend after he smashed up her house