Main US indexes end higher; Nasdaq out front, up >2.5%
All major S&P 500 sectors higher; Tech leads
Dollar, gold slip; crude up ~1%; bitcoin up ~5%
U.S. 10-Year Treasury yield rises to ~4.32%
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A BRIGHT END TO A BAD WEEK
U.S. stocks rallied to close out another disappointing trading week, temporarily halting a slump that has sent the S&P 500 .SPX and Nasdaq .IXIC to their fourth straight weekly decline and the Dow .DJI to its biggest weekly percentage drop in two years.
Growth stocks led the rebound on Friday, with the S&P 500 growth index .IGX notching its biggest daily percentage gain since August 8. Megacaps Nvidia NVDA.O, Microsoft .MSFT.O, Apple APPL.O, Meta Platforms META.O and Amazon.com AMZN.O provided the biggest lift to the broad S&P 500 index.
Equities were able to shake off a brief dip in the early stages of trading after a reading in consumer sentiment showed a sharp plunge, the latest in a string of soft survey data, as worries about the Trump administration's tariff increase.
Each of the 11 major S&P sectors ended higher, led by tech .SPLRCT, while consumer staples .SPLRCS lagged.
For the week, the S&P 500 fell 2.27%, the Nasdaq declined 2.43%, and the Dow fell 3.07%.
Here is Friday's closing snapshot:
(Chuck Mikolajczak)
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FOR FRIDAY'S EARLIER LIVE MARKETS POSTS:
TRANSPORTS STILL CLOSE TO BEAR MARKET LEVEL - CLICK HERE
WITH THE MARKET IN ROUGH SEAS, REBALANCING MAY HELP KEEP YOUR SHIP RIGHTED - CLICK HERE
CONSUMER SENTIMENT TANKS, INFLATION EXPECTATIONS SOAR AMID TRUMP POLICY CHAOS - CLICK HERE
SO FAR, SO GOOD - CLICK HERE
INDIVIDUAL INVESTOR BULLS AND BEARS JUST DID THIS FOR THE FIRST TIME - AAII - CLICK HERE
MARKETS PRICE IN GERMAN DEBT-TO-GDP RATIO AT 68% - CLICK HERE
LUXURY'S FOURTH QUARTER FALSE DAWN - CLICK HERE
STOXX UP BUT HEADING FOR BIGGEST WEEKLY DROP IN 3 MONTHS - CLICK HERE
EUROPE BEFORE THE BELL: FUTURES HIGHER, STOCKS STILL SET FOR WEEKLY LOSS - CLICK HERE
MARKETS COME UP FOR AIR BUT TARIFF THREATS LURK - CLICK HERE
Closing levels March 14 https://tmsnrt.rs/3RaZQpr
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