U.S. stock markets experienced a significant boost, wrapping up their most successful week in two months.
On Friday, the S&P 500 climbed by 1%, while the Dow Jones Industrial Average saw an increase of 0.8%. The Nasdaq composite stood out with a gain of 1.5%.
A strong performance from SLB, an oilfield services company, contributed to the market surge as it announced plans to return more cash to shareholders via increased dividends and a stock buyback program. The technology sector also played a critical role in lifting market sentiment, fueled by optimism surrounding potential interest rate cuts from the Federal Reserve later this year. Meanwhile, Treasury yields remained relatively stable in the bond market, following notable declines earlier in the week that provided additional support for stock prices.

On Friday, the S&P 500 added 59.32 points, closing at 5,996.66.
The Dow Jones Industrial Average surged by 334.70 points, ending at 43,487.83.
The Nasdaq composite gained 291.91 points, finishing at 19,630.20.
Additionally, the Russell 2000 index, which tracks smaller companies, increased by 9.09 points, reaching 2,275.88.

Looking at the week as a whole, the S&P 500 rose by 169.62 points, representing a 2.9% increase.
The Dow saw a remarkable weekly gain of 1,549.38 points, or 3.7%.
The Nasdaq experienced an uptick of 468.57 points, translating to a 2.4% increase, while the Russell 2000 advanced by 86.65 points, or 4%.

For the year to date, the S&P 500 is up by 115.03 points, marking a 2% rise.
The Dow has increased by 943.61 points, equating to a 2.2% gain.
The Nasdaq has risen by 319.41 points, resulting in a 1.7% increase, and the Russell 2000 is also up by 45.72 points, or 2.1%.