Overview
- The Dow, S&P 500, and Nasdaq rose 0.59%, 0.54%, and 0.37%, respectively, by midday Friday, securing significant weekly gains.
- A 90-day US-China tariff truce and a new limited trade agreement between the US and UK fueled early-week market rallies.
- The University of Michigan consumer sentiment index fell to 50.8 in May, while one-year inflation expectations rose to 7.3%, reflecting economic uncertainty.
- Flowers Foods missed first-quarter earnings and sales estimates, lowering its 2025 guidance and contributing to mixed corporate performance.
- Gold prices fell over 1% to $3,188.60, while oil prices rose 0.6% to $62.01, influenced by shifting risk sentiment in financial markets.