NEW YORK (AP) — The split between Wall Street and most U.S. households grew even wider Friday, as U.S. stocks rose toward the finish of an eighth straight winning week, their longest such streak since 2023. That's even though a survey showed on the same day that U.S. consumers are feeling worse about the economy.
The S&P 500 added 0.6% and pulled closer to its all-time high set in the middle of last week. The Dow Jones Industrial Average was up 328 points, or 0.7%, as of 11:15 a.m. Eastern time, and the Nasdaq composite was 0.6% higher.
Ross Stores climbed 6.6% after the off-price retailer reported profit and revenue for the latest quarter that easily cleared analysts' expectations. CEO Jim Conroy said it saw strong customer traffic through the three months, and the company may have benefited from households spending their tax refunds.
