The S&P 500 Index ($SPX) (SPY) Friday closed up +0.70%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.78%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.43%. June E-mini S&P futures (ESM25) are up +0.68%, and June E-mini Nasdaq futures (NQM25) are up +0.48%.
Stock indexes on Friday settled higher, with the S&P 500 posting a 2-1/4 month high and the Dow Jones Industrials posting a 1-1/2 month high. Stocks on Friday extended this week’s rally as trade tensions between the US and China eased, which fueled risk-on sentiment in asset markets. Stocks added to their gains Friday afternoon on optimism about US trade negotiations after the Financial Times reported the US and European Union broke an impasse to enable tariff talks. Also, lower T-note yields on Friday supported stocks on speculation that the Fed would step in to lower interest rates to avoid a recession.
