NEW YORK (AP) – U.S. stocks bounced Friday, but not enough to prevent Wall Street from losing a fourth straight week, which would be the longest streakSince August.
S&P 500 in morning trading 1% higherClosed below 10%Its first recordcorrectSince 2023. Dow Jones Jones industrial average rose 241 points, as of 10:20 am ET, Nasdaq Composite materials are 1.3% higher.
A uncertainty hanging on Wall Street may be clearing after the SenateactionPrevent possiblePartially closedUS government. The temporary midnight deadline is imminent.
Past closures have not been a huge deal for financial markets, investors point out how U.S. economic growth recovers after the funding is restored. However, when uncertainty clears, it may help when it’s been sending the U.S. stock market on Big for most of the time, it may be helpfulTerrible swingNot only every day butOne hour.
The most important uncertainty isPresident Donald Trumpupgradetrade war. What’s the problem therepaintrump cardWill make the economyLasting through tariffs and other policies to reshape the country and world he wants. The president has said he hopes to work in the U.S. manufacturing, as well as the smaller workforce of the U.S. government and other fundamental changes.
American homes and businesses have reportedConfidence declinesWhat tariffs will be borne in Trump’s attack due to uncertaintyexist-again,leave– Announcement at the same time. This raises concerns about a pullback in consumption that could harm energy from the economy.
A preliminary survey released by the University of Michigan on Friday showed concerns appear to be deteriorating only in American families. Its consumer sentiment measures sank for the third straight month, mainly because of concerns about the future, rather than complaints about the present. thisJob MarketAt present, the overall economy looks relatively stable.
“Many consumers cite high levels of uncertainty in policy and other economic factors,” said Joanne Hsu, a direct survey.
Consumers will increase inflation in the future, expecting a long-term forecast of 3.5% to 3.9%. This is the biggest jump in a month since 1993.
This fear on Wall Street is centered on whether companies see the sour taste of consumers turning into business pain.
Ulta Beauty 8.7% increased after beauty product retailers reported higher profits in the latest quarter. The company’s forecast for upcoming revenue and profits is not meeting analysts’ targets, but Chief Financial Officer Paula Oyibo said it wants to remain cautious, “As we navigate ongoing consumer uncertainty, analysts say the forecast seems to be better than fear.
The earnings of large tech stocks and companies in the AI industry also help support the market. Critics say these stocks are under the greatest pressure in the recent sell-off in the madness surrounding AI.
NvidiaIt rose 3.1% to reduce losses so far in 2025 to 11.2%.
In foreign stock markets, the index rose in most parts of Europe and Asia.
Hong Kong shares rose 2.1% and Shanghai 1.8% rose in Shanghai after China’s National Financial Regulatory Bureau issued a notice to order financial institutions to help with development.Consumer FinanceAnd encourage credit cards, do more to help borrowers in trouble, and be more transparent in loan practice.
Economists say China needs consumers to spend more money to lift the economy out of the downturn, although most people advocate broader and more fundamental reforms such as increased wages, social welfare and support for public health and education.
In the bond market, Treasury yields rose to recover some of its recent huge losses. From 4.27% on Thursday in the second half of the year and 4.27% starting last week, the 10-year Treasury yield rose from 4.27% to 4.29%.
Yields have been swaying since January when they were close to 4.80%. When worrying about the strength of the US economy, yields will drop. When these concerns are reduced or concerns about inflation rising, yields rise.
This story was originally fortune.com
