NEW YORK (AP) — Stocks rose in afternoon buying and selling on Wall Street Friday following an encouraging report on shopper sentiment and inflation expectations.
The features weren’t sufficient to tug main indexes out of the crimson for the week following worrisome reviews on excessive costs going through shoppers and companies.
The S&P 500 rose 1.6%, the Dow Jones Industrial Average rose 1.7% and the Nasdaq rose 1.3%. Bond yields fell.
UnitedHealth Group rose after elevating its revenue forecast for the yr.
Citigroup jumped following an encouraging earnings report.
A July survey from the University of Michigan confirmed that buyers’ inflation expectations have held regular or improved.