2025-03-14 20:04:04Stocks in the US wrapped up a tough week with a rally on Friday, as the S&P 500 jumped 2.1%, the Dow Jones popped 674 points, and the Nasdaq 100 rose 2.5%. Easing fears of a government shutdown and investor resilience to weak consumer sentiment data helped lift markets. Senate Minority Leader Chuck Schumer signaled support for a Republican-backed funding bill, reducing political uncertainty. However, the University of Michigan’s consumer sentiment index plunged to 57.9, its lowest since November 2022, reflecting concerns over inflation and tariffs. Tech stocks led the rebound, with Nvidia soaring 5.3%, while Tesla, Meta, Amazon, and Apple all rose over 1%. Palantir also jumped 8.3%, defying concerns over potential defense spending cuts. Despite Friday’s gains, the S&P 500 and Nasdaq fell over 2% each for the week, while the Dow posted a 3.1% decline—its worst weekly performance since March 2023.
2025-03-14 16:57:03The S&P 500 climbed 2% on Friday, the Dow Jones gained over 600 points, and the Nasdaq 100 rose 2.3% as fears of a US government shutdown eased and investors shrugged off weak consumer sentiment data. Senate Minority Leader Schumer signaled support for a Republican-backed funding bill. However, the University of Michigan's consumer sentiment index plunged to 57.9, its lowest level since November 2022, reflecting growing uncertainty over inflation and tariffs. Tech stocks led the rebound, with Nvidia surging 4.6%, while Tesla, Meta, Amazon, and Apple all gained more than 1%. Meanwhile, Palantir jumped 7.6% despite concerns about potential defense spending cuts. Despite Friday’s gains, stocks remain sharply lower for the week, capping a volatile period marked by Trump's shifting tariff policies, recession concerns, and geopolitical tensions. For the week, the S&P 500 is down 4.3%, worst performance since March 2023, while the Dow Jones and Nasdaq have lost 4.6% and 4.9%, respectively.