Wall Street experienced a significant rebound as it emerged from its holiday slowdown.
On Friday, the S&P 500 surged by 1.3%, marking its most substantial gain in nearly two months and its first rise since the festive season.
The Dow Jones Industrial Average increased by 0.8%, while the Nasdaq composite saw an uplift of 1.8%.

The tech sector, particularly major players like Nvidia and Tesla, spearheaded the market’s rally, compensating for declines in the beverage industry, which faced setbacks following warnings from the U.S. Surgeon General regarding cancer risks linked to alcohol consumption.
In the bond market, Treasury yields saw a slight increase after a manufacturing report exceeded expectations.

On Friday’s closing bell, the S&P 500 gained 73.92 points, translating to a 1.3% increase, bringing it to a total of 5,942.47.
The Dow Jones Industrial Average climbed by 339.86 points or 0.8%, reaching 42,732.13.
Similarly, the Nasdaq composite rose by 340.88 points, representing a 1.8% increase, bringing it to 19,621.68.
Additionally, the Russell 2000, which tracks smaller businesses, elevated by 36.80 points, or 1.6%, closing at 2,268.47.

Reviewing the week’s performance: the S&P 500 decreased by 28.37 points, equivalent to a 0.5% drop.
The Dow fell by 260.08 points or 0.6%, while the Nasdaq experienced a decline of 100.35 points, also around 0.5%.
On a positive note, the Russell 2000 index gained 23.88 points or 1.1%.

Looking at the year-to-date results, the S&P 500 has risen by 60.84 points, or 1%.
The Dow has seen an increase of 187.91 points, equating to a 0.4% gain, while the Nasdaq has gone up by 310.88 points, or 1.6%.
The Russell 2000 index has performed notably well as well, with an uptick of 38.31 points or 1.7%.