Stock Market Today: Dow rides broadening out of rally to notch 4th weekly win

Investing.com-- The Dow closed higher Friday to clinch its fourth-weekly win as the broadening out of the rally amid mostly stronger quarterly results continued to support stocks just as signs of sticker inflation muddies the outlook for sooner rate cuts.closed just below the flatline, down 0.03%. The main Wall Street indexes posted weekly gains of between 1% and 2%.The University of Michigan Survey of Consumers sentiment index fell to reading of 67.4 for May, down from 77.

The fresh signs of consumer jitters about rising price pressure come just as Fed speakers continue to signal a wait and see approach about whether to cut rates. Minneapolis Fed Pres. Kashkari expressed caution Friday about whether the current level of interest rates are restrictive enough, saying that he couldn't rule out the possibility of a rate hike.) was among the highlights on the earnings stage after the salad chain upgraded its full-year guidance and reported quarterly results that beat on both the top and bottom lines, sending its shares 34% higher.

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