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US Stocks Climb to Weekly Gains as Trade Truce and Earnings Shape Markets

Major indexes post strong weekly performance, buoyed by a US-China tariff pause and UK trade deal, despite mixed economic signals and corporate earnings.

A trader on the floor of the New York Stock Exchange in mid-May.
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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.