Stocks rose on Friday, putting the S&P 500 on track for its fourth positive week in a row on the hope that inflation is peaking.
The Dow Jones Industrials stretched higher 150.29 points, to commence trading Friday at 33,486.96
The S&P 500 jumped 27.66 points to 4,234.93.
The NASDAQ Composite recovered 89.05 points to 12,868.96.
The S&P 500 is up 2% on the week and is on track for its longest weekly winning streak since November 2021. The Dow is up 2% for the week, while the NASDAQ Composite is 1.5% higher. For the NASDAQ, it is also the fourth positive week in a row.
Consumer sentiment data are due out later Friday.
Treasury prices moved forward, lowering yields to 2.87% from Thursday's 2.87%. Treasury prices and yields move in opposite directions.
Oil prices wilted $1.79 to $92.55 U.S. a barrel.
Gold prices revived $5.20 to $1,812.40 U.S. an ounce.