U.S. stocks closed positively on Friday, achieving a fifth consecutive day of increases for the S&P 500, capping a strong week for the major indexes. This upward trend persisted despite ongoing inflation worries and diminished consumer sentiment, with investors finding optimism through a tech-led bounce and reduced geopolitical tensions.

Weekly Market Performance Summary

• S&P 500: +0.70% closing at 5,958.38

• Nasdaq Composite: +0.52% closing at 19,211.10

• Dow Jones Industrial Average: +0.78% closing at 42,654.74

Performance Overview:

• S&P 500: +5.3%

• Dow Jones: +3.4%

• Nasdaq: +7.2%

The rally was largely led by technology stocks:

• Nvidia (NASDAQ:NVDA): +16%

• Meta Platforms (NASDAQ:META): +8%

• Apple (NASDAQ:AAPL): +6%

• Microsoft (NASDAQ:MSFT): +3%

Trade Truce Brings Optimism

A key factor driving this rally was a 90-day tariff truce between the U.S. and China, offering temporary relief to investors anxious about trade wars. Though tariffs persist, this pause allows markets to reassess economic risks and opens diplomatic channels for further negotiations.

Upcoming Data to Watch: PMI Reports

This week, all attention turns to the U.S. Purchasing Managers’ Index reports scheduled for release on Thursday, which will provide insight into the health of both manufacturing and services sectors. Analysts caution that much of the available data still looks backward and may not reflect the implications of President Trump’s recent tariff measures.

With tariffs still elevated, these factors might begin weighing on forward-looking economic indicators.

Key Takeaways for Investors

• Monitor sector trends by checking the Historical Sector API for movements across important U.S. sectors.

• Utilize the Economic Calendar API to track upcoming macroeconomic events, including PMI and inflation data.

Concluding Thoughts

Despite the challenges posed by rising inflation and declining consumer sentiment, Wall Street is focusing heavily on tech performance and global trade resolutions. However, as tariffs remain and macroeconomic uncertainties loom, the possibility of market fluctuations may reemerge as investors digest new data.