Stocks Fight For Fifth Day Of Gains, Dollar Rebounds As Inflation Fears Go Haywire: What's Driving Markets Friday?
Wall Street fought for a fifth consecutive day of gains on Friday, with major indexes edging slightly higher by midday in New York as investors continued to digest the week's significant trade breakthroughs and recalibrate their economic expectations.The S&P 500 rose 0.1% to 5,925, its highest level since early March, while the Nasdaq 100 held firm after a strong prior session. Gains were broad but cautious as markets balanced optimism over de-escalating tariffs with growing macro concerns. Healthcare stocks rebounded from recent underperformance, buoyed by a rally in Eli Lilly & Co. (NYSE:LLY), while the energy sector lagged as crude prices cooled.The U.S. dollar surged after the University of Michigan's consumer sentiment report delivered one of the bleakest stagflationary signals in recent decades. The ...Full story available on Benzinga.com
