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Stocks rose Friday following a losing session that dragged the S&P 500 into correction territory.
The Dow Jones Industrials regained 416.77 points, or 1%, to 40,813.57, trying to end a four-day losing streak.
The much-broader index rebuilt 75.17 points, or 1.4%, to 5,596.69,
The NASDAQ zoomed 301.72 points, or 1.7%, to 17,604.74.
Nvidia shares popped more than 4%. Tesla and Meta Platforms gained more than 1% along with Netflix, Amazon and Apple.
Sentiment on Wall Street got a boost Friday as it appeared a government shutdown would be avoided. Senate minority leader Chuck Schumer said he wouldn’t block a Republican government funding bill.
However, data released Friday from the University of Michigan confirmed that consumer confidence has suffered from the ongoing tariff-related uncertainty, worries that have driven the market down the last three weeks.
Consumer sentiment dropped in March to 57.9, lower than the 63.2 economists polled by Dow Jones had expected.
Prices for the 10-year Treasury fell Friday, raising yields to 4.30% from Thursday’s 4.26%. Treasury prices and yields move in opposite directions.
Oil prices added 21 cents to $66.76 U.S. a barrel.
Prices for gold leaped $6.10 an ounce to $2,997.40 U.S.
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