The Dow eked out its eighth straight session of gains on Friday and closed out its best week of the year as US stocks finished the day mostly in the green. The gains came despite the three major indexes losing some steam earlier in the session after consumer sentiment hit a six-month low. The Dow Jones Industrial Average , which capped off its best week since Dec. 15, jumped roughly 0.3%, or about 125 points. The benchmark S&P 500 finished the day up about 0.2%, closing above 5,220.
The index reading for the month came in at 67.4, its lowest level in six months and well below economist expectations of 76.2. The drop in sentiment comes as investors debate the future of interest rate cuts amid recent signs of a cooling labor market.
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Stock market today: US futures rise, Dow eyes 8th straight win as rate-cut hopes aboundInvestors are listening out for a parade of Fed speakers to test a growing confidence that a rate cut is on the way.
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Stock market today: Dow eyes 8th straight win as rate-cut hopes buoy stocksInvestors are listening out for a parade of Fed speakers to test a growing confidence that a rate cut is on the way.
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