US stocks were higher on Friday, with the S&P rising 0.9%, the Dow gaining 290 points and the Nasdaq soaring 1.5%. Investors continue to assess the Fed's potential to implement further rate cuts this year, supported by this week's softer-than-expected core inflation, PPI, and retail sales data.
Markets are also looking ahead to Monday's inauguration of President-elect Trump for potential clarity on forthcoming policy changes. Additionally, corporate updates are in focus: Truist Financial shares climbed over 4.5% after the company reported earnings and revenue that exceeded expectations.
Meanwhile, Apple shares rose 1.3%, partially recovering from Thursday's 4% drop following news that Apple had fallen to third place in smartphone sales in China last year. Shares of Intel jumped 8% amid some takeover speculation. For the week, the S&P 500 is up 1.9%, the Dow has surged 2.9%, and the Nasdaq has gained 0.9% so far.
Source: Trading Economics
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