added 2.4% and 3.3%, respectively. On Friday, the Dow rose 113.89 points, or 0.33%, while the S&P and Nasdaq slipped 0.1% and 0.18%, respectively.
The moves came on the heels of solid big bank earnings and softer inflation reports that lifted investor sentiment. That heightened some hopes the Federal Reserve may be able to tamp down inflation without tipping the economy into a recession. "It's the Goldilocks scenario, it's inflation coming down with near record low unemployment," Kathryn Rooney Vera, chief market strategist at StoneX, told CNBC's "
" on Friday. "Yes, people have some pain ... with prices, but they have jobs. Evidence is increasingly favorable for the soft landing viewpoint, and immaculate disinflation is what has the market going crazy." Second-quarter earnings season gains steam this week with results from big financial institutions such as
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