U.S. stock markets experienced a notable rebound on Friday, transforming what could have been one of the most challenging weeks into a less severe setback.
The S&P 500 index increased by 1.1%, reducing its weekly decline to 2%. The Dow Jones Industrial Average surged by almost 500 points, while the Nasdaq composite saw a rise of 1%.
A recent report revealed that a key inflation gauge, favored by the Federal Reserve, was slightly lower than anticipated for the previous month. This news offered a glimmer of hope following the Fed’s announcement on Wednesday, which surprised investors by indicating that concerns about inflation might limit future interest rate cuts more than previously expected.

On Friday, the S&P 500 climbed by 63.77 points, or 1.1%, closing at 5,930.85.
The Dow Jones Industrial Average advanced 498.02 points, or 1.2%, finishing at 42,840.26.
The Nasdaq composite rose by 199.83 points, or 1%, to reach 19,572.60.
Additionally, the Russell 2000 index, representing smaller companies, increased by 20.87 points, or 0.9%, finishing at 2,242.37.

Examining the week as a whole, the S&P 500 faced a loss of 120.24 points, equivalent to 2%.
The Dow ended down by 987.80 points, or 2.3%.
The Nasdaq experienced a decline of 354.13 points, or 1.8%, while the Russell 2000 suffered a loss of 104.52 points, representing a substantial drop of 4.5%.

Looking at the performance year-to-date, the S&P 500 has increased by 1,161.02 points, or 24.3%.
The Dow has risen by 5,150.72 points, translating to a gain of 13.7%.
The Nasdaq recorded a remarkable increase of 4,561.25 points, or 30.4%.
Lastly, the Russell 2000 index has grown by 215.30 points, corresponding to a 10.6% rise.