The Egyptian stock exchange in Cairo. The S&P 500 gained 9.51 points, or 0.35 percent, to 2,740.71 and the Nasdaq Composite added 2.49 points, or 0.03 percent, to 7,258.92. "What's a caused a rebound from the correction is just that we're simply back on that trend", said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas.
The data is likely to have a significant impact on how traders perceive the Federal Reserve will act regarding future interest rate hikes.
Among the 11 major S&P sectors, the energy index and the telecoms index were in the red, falling 0.54 per cent and 0.25 per cent, respectively. The Dow Jones industrial average added 253.04 points, or 1 percent, to 24,893.49.
Oil prices maintained this week's gains, with US crude futures trading at $61.65 per barrel, up 4.1% so far this week. "We don't have the dampening mechanisms we had in previous years".
The dollar fell to 107.09 yen from 107.69 yen. Volume in the stock market today rose on the NYSE but fell on the Nasdaq vs. the previous day's pace.
Admite SCJN controversia de Corral contra Ley de Seguridad
Representantes sociales han asegura que la Ley de Seguridad Interior invade facultades de los estados y que violenta los derechos individuales.
The gains suggest Wall Street is beginning to regain confidence after a major selloff earlier this month briefly sent major indices down more than 10 per cent which is considered correction territory.
The Russell 2000 index of smaller companies gained 15.10 points, or 1 percent, to 1,537.20.
"Rising inflation goes hand-in-hand with a growing economy (or that is at least the textbook view) and a growing economy should translate into good earnings growth". The Japanese yen weakened 0.22 percent versus the greenback at 106.37 per dollar. Mitsui Mining & Smelting slumped 4.7 percent and Mitsubishi Materials tumbled 8.8 percent.
The S&P 500 has now surged about 5 percent since last Thursday, but is still 5.5 percent below its record high on Jan. 26. ANZ shed 0.3 percent and Westpac eased 0.1 percent. For example, if a stock's beta is 1.2, it's theoretically 20% more volatile than the market.
U.S. stock indexes climbed moderately midday Friday as the stock market headed toward its sixth consecutive up session. "That it's stabilized has helped". Investors fled the market early this month, but they've recovered most of those losses as a combination of lower prices and rising company profits have them buying stocks again.
School building where Fla. shooting took place likely to be razed
Alyssa Alhadeff was one of 17 people killed at Marjory Stoneman Douglas High School by suspected shooter Nikolas Cruz . Trump's silence on guns on Thursday was noted with displeasure by many who are seeking tougher firearm restrictions.
Molson Coors Brewing Co. shares rose 6.3% after better-than-expected earnings results. Its pullback from last week's sell-off has been accompanied by low volatility, encouraging economic data and corporate reports. The stock was worth more than $100 at the end of 2014, but plunged as competition from smart watches and fitness trackers eroded its sales.
European shares are expected to rise 0.3 to 0.4% at the opening, according to spread-betters.
GDP climbed 0.6 percent sequentially following the third quarter's 0.7 percent expansion. The preliminary data released Wednesday buttressed economists' expectations that growth will slow in the coming year. Homebuilding increased to more than a one-year high in January, boosted by a rebound in the construction of single-family housing units.
That comes a day after strong January consumer prices data raised fears of inflation and faster interest rate hikes. Core prices had been expected to increase by 0.2 percent. A report showed an unexpected fall in retails sales last month.
The 10-year US Treasuries yield hit a four-year peak of 2.944% on Thursday and last stood at 2.910%. "People got too pessimistic". "It shows the volatility is getting priced out of the market".
Presidente Maduro rinde tributo a cantautor Alí Primera
Agregó que Allí Primera siempre " serás el Cantor del Pueblo y tu música Patrimonio Cultural Nacional, ¡Que Viva Alí Primera! ". Regresó al país en 1973 para comenzar la carrera artística que lo llevó estar en escenarios nacionales e internacionales.