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U.S. stocks ended Friday on a stronger note after another weaker-than-expected consumer sentiment report and steadying oil prices eased pressure on bond yields. The rally helped equity markets close mostly higher for the week, led by the S&P 500, which finished just shy of an all-time high, as investors rotated funds across sectors rather than pulling out of the market altogether.
All major sectors finished higher on Friday, as investors moved money from leaders such as semiconductors into laggards such as healthcare.
The Dow Jones Industrial Average led the rally, up 0.83 percent to close at 51,654. The S&P 500 increased 0.64 percent and ended at 7,811, near its all-time high of 7,818 reached on Tuesday. The Nasdaq gained 0.64 percent and the small-cap Russell 2000, among the stock indexes most sensitive to interest rates, added 0.46 percent….
All major sectors finished higher on Friday, as investors moved money from leaders such as semiconductors into laggards such as healthcare.
The Dow Jones Industrial Average led the rally, up 0.83 percent to close at 51,654. The S&P 500 increased 0.64 percent and ended at 7,811, near its all-time high of 7,818 reached on Tuesday. The Nasdaq gained 0.64 percent and the small-cap Russell 2000, among the stock indexes most sensitive to interest rates, added 0.46 percent….
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