
US Stocks Rebound Friday but End Week with Losses
U.S. stocks closed higher on Friday, breaking a three-day losing streak, but still recorded weekly losses as rising bond yields weighed on investor sentiment.
Ethan Cole is a markets analyst for Wealtoro, specializing in corporate news, equity analysis, and the impact of macroeconomic policy on specific industry sectors. He covers how central bank decisions and economic data affect company valuations and investor sentiment.
U.S. stocks closed higher on Friday, breaking a three-day losing streak, but still recorded weekly losses as rising bond yields weighed on investor sentiment.
The Dow Jones Industrial Average rose after the Federal Reserve's preferred inflation gauge met expectations. Boeing shares surged on reports of eased FAA restrictions.
The cryptocurrency market faced a sharp downturn, leading to over $1.6 billion in liquidations in 24 hours, the largest this year, as Ethereum fell 9%.
U.S. stock futures edged higher after a market retreat Tuesday, influenced by Fed Chair Powell's comments on high valuations. Micron's strong earnings provided a boost.
Morgan Stanley strategists warn that stocks are at risk of a correction if the Federal Reserve acts on economic strength instead of meeting market hopes for rate cuts.
Despite a strong market rally in 2025, Carnival and Unity Software are trading over 50% below their peaks while showing signs of operational recovery.
Plug Power (PLUG) stock surged 44.1% this week after the Federal Reserve announced a quarter-point interest rate cut, signaling a more favorable economic climate.